No payment problems says SEBI chief

Monday, May 22, 2006, 17:52 [IST]

New Delhi, May 22 (UNI) On a day of meltdown in the stock market when the Sensex finally crashed by 456.84 points after an intra-day jolt of 1112 points, the Securties and Exchange Board of India assured the investors that there are no payment or liquidity problems in the bourses.

''There are absolutely no liquidity problems of any kind'', SEBI Chairman M Damodaran said in a television interview. He advised the investor ''not to fall prey to rumours''.

The SEBI chief said he has spoken to the Bombay Stock Exchange and the Reserve Bank of India and has been assured of the enough liquidity in the marketplace.

Mr Damodaran's assurance came after the panicky investors looked up to the market regulators for consolation after there were reports of margin pressures on the brokers and their clients.

UNI ARB/PC CS RS1721

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MSE Index fell by 91.40 points

Monday, May 22, 2006,17:52 [IST]

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Monday, May 22, 2006,17:52 [IST]

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Putin calls for Russian-Saudi cooperation in fighting terrorism

Monday, May 22, 2006,17:53 [IST]

Moscow, May 22 (UNI) Praising highly the bilateral relations between Moscow and Riyadh, President Vladimir Putin has called for Russian-Saudi cooperation in fighting terrorism to ''promote peace and international security and stability''. President Putin, in his special message to Saudi King Abdallah bin Abd al-Aziz Al Saud, which was delivered by Russian Foreign Minister Sergei Lavrov during his meeting with the Saudi King in Riyadh yesterday ''lauded successful bilateral relations in trade, economy, investment,.....

Syndicate Bank Chairman meets K'taka CM

Monday, May 22, 2006,17:54 [IST]

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11 security personnel among 22 injured in Srinagar blasts

Monday, May 22, 2006,17:54 [IST]

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