The Financial Express Markets Page

The Indian Express

The Financial Express

Latest News

World News

Union Budget

EIW

Market Indicators

Screen

Celebrity Chat

Express Computers

Advertisers Forum

Career India

Business Forum

Match Maker

Express Properties

Travel & Tourism

Information Technology

Astrosurf

Eco-India

Dr Know

Graffiti

Crossword

Drumbeat: Ad Buzzaar

Markets

Saturday, May 23, 1998

	ICICI, banking arm to work towards demat synergy International consultant Price Waterhouse is working on creating a synergy between ICICI and its banking subsidiary, ICICI Bank, for capturing the huge demat market and providing a one-stop-shop facility to clients. A plan is underway to develop a synergy between the two entities and this is likely to see a connection between the two internal networks of the entities.		Crisil downgrades Alpic, Mafatlal Finance debt issues The Credit Rating Information Services of India Ltd (Crisil) has downgraded the debt issues of Alpic Finance, Mafatlal Finance and Ganesh Benzoplast.
	Centre allows unlisted firms to access overseas markets, lifts end-use norm The Union ministry of finance liberalised euroissue guidelines by allowing unlisted companies to approach overseas markets, removing end-use restrictions and by scrapping the 90-day ceiling for floating the issue from the date of clearance.		No-delivery tag puts Indal investors in a tight spot The absence of a hedging opportunity for Indal, which is in the non-specified category, has been perceived by market operators as a major hurdle in reaping the benefits likely to emerge from the fight between Sterlite and Alcan.

Investors shun banks with regional presence
It is learnt that lately investors are shunning banks which have strong regional presence. Bank scrips have been investor favourites for over a year now. But there's no across-the-board investor support for bank scrips. Those banks which seem to have a strong regional presence have been given a poor discounting, some have been ignored with very low trading volumes.

Japan wheat market comes under pressure
Japan is slowly opening up its wheat market, faced with pressure from a feed industry struggling under tough international competition since Tokyo liberalised beef imports seven years ago. The government plans to relax its control over the wheat market. The move is in response to strong calls from the feed industry.

Weak demand hits basmati rice; bullion improves
Financial Briefing
Market set to gather strength, resistance seen at 4,130 points
MNC focus makes UGS 10000 attractive
Rupee slips to all-time low on pressure from importers
Himatsingka Seide attracts genuine but informed buying ahead of results
A clueless market may not see pre-budget rally
Asia-Pacific markets hit by profit-taking
Portfolio revamp rakes in the bucks for ICICI MF
Equities move in a narrow range; low badla charges anticipated
ITC pulls Sensex down; IT scrips volatile
Pharma scrips expected to carry on the rally
Companies take recourse to bridge loans, underwriting to see issues through
Market Briefing
Market Round-Up
Interest rate gyrations take a heavy toll on Chola Triple Ace
Commodity Briefing
Take to UTI Bond Fund for short-term investment
Fund Update
The hollow promises of plantation companies
High risk assigned to plantation schemes