The Financial Express Markets Page

The Indian Express

The Financial Express

Latest News

EIW

Market Indicators

Screen

Express Computers

Graffiti

Crossword

Advertisers Forum

Travel & Tourism

Information Technology

Drumbeat: Ad Buzzaar

Astrosurf

Eco-India

Dr Know

Career India

Business Forum

Match Maker

Express Properties

Markets

Monday, May 4, 1998

	AV Birla group firms' results set to swing market mood The stockmarket would be anxiously awaiting annual results to be announced by the four market-movers from the Aditya Birla group. The results follow a nerve-wracking week when a bull-run rise of over 1,000 points was reversed with the Sensex plummeting about 200 points.		Exim policy leaves diamond industry divided The $4.5-billion Indian diamond industry is a divided lot these days. Not that it was united earlier, but surely not as divided as it is now. The new exim policy, announced on April 13, seems to have helped widen the rift between those who welcome the new policy and those who say: "Watch out".
	Speciality chemicals hold key for industry's growth One of the industries that has been worst affected due to liberalisation has been the chemical industry. A drastic reduction in import duty from 150% to 30% has taken its toll on the industry. Between the years 1980 and 1991, the industry grew by almost 10%, which was higher than most other manufacturing units.		New markets boost marine-product exports A favourable exchange-rate scenario and a buoyant demand from east Asian and US markets has catapulted the Indian seafood exports to a new high of Rs 4,643 crore from Rs 4,121 crore during the fiscal 1997-98.

Depressed foreign markets force cuts in cotton export target
Cotton yarn export target for 1998-99 has been slashed to $1,500 million from $1,700 million, primarily because of depressed conditions in the overseas markets. Last year, cotton yarn export target was fixed at $1,700 million. However, actual exports during 1997-98 were just about $1,565 million.

Spot pepper declines further
The black pepper prices continued to move further southward as the arrival of fresh stocks started flooding the market. During the week ended April 30, the spot pepper lost another Rs 100 to close at Rs 2,120 per quintal.

Commodity Briefing
Commodity Briefing
Mango prices set to skyrocket as output falls
Buyers'apathy stalls coloured cotton plan
Domestic food additives market may thrive
West Bengal govt, Coal India give a raw deal to SSIs in coal
Silver prices likely to lose sheen
Domestic steel industry poised for a big leap
Groundnut prices likely to spurt by 12%
Drop in supplies worries TN edible oil markets
Market reforms sans political openness is a sham
World hard wheat prices set to rise
Cardamom auctions to continue beyond May
Rubber prices weaken further
"Tea Board fails to check rise in prices"
Rising tinplate imports pose health hazard