Cse To Add 50 Scrips To Rolling List

The Calcutta Stock Exchange will add 50-odd scrips to its permitted segment under the compulsory rolling settlement category, increasing the number in the section to 210.

Aimed at providing members an opportunity to trade in some select high-liquid stocks, chosen either from the list of BSE-100 and the erstwhile specified groups of other established bourses, the decision will be effected from the end of this month.

The move will also help the cash-strapped bourse to earn turnover fees on trading on these stocks although the companies would not be required to chip in listing charges.

Some of the shares expected to figure among the additions are HCL Technologies, Television 18, SSI, Arvind Pharma, Polaris Software, Cadila Healthcare, PSI Datasystem, Hughes Software, Henkel Spic and Amara Raja Batteries.

The decision, which was approved by the CSE board on Tuesday, was suggested by the Calcutta Stock Brokers' Association nearly two months ago as a part of its submission on how the fund-starved bourse could survive following the payment debacle.