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Thursday, July 2, 1998

Stock Update Forex Update

Foreign funds' buying spree in HLL pares losses on bourses
Hectic buying by foreign institutional investors (FIIs) in Hindustan Lever helped prop up share prices in an otherwise lacklustre market yesterday. Sentiment continued to remain depressed on account of the political instability in the country and mounting tensions between the US and Iraq.

Uniform settlement can upset arbitrage players' applecart
The success of SEBI's move to introduce uniform settlement in all exchanges depends on a well-defined hedging mechanism, according to market experts. Experts feel the move to implement uniform settlements may not necessarily reduce the arbitrage opportunities available to the BSE brokers since they have the advantage of hedging their positions through the carryforward mechanism.

ICICI's forthcoming bonds may carry coupon of 13.5%
ICICI's Rs 300 crore Safety Bonds are likely to carry a coupon rate ranging between 13.5% to 14%.


The National Stock Exchange of India (NSE)

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  Silver spurts on paucity of stock; POY price hiked
  Call rates may tighten on Rs 1,500 crore outflow
  Rupee gains to close 42.19, forwards dip
  Market Briefing
  `Repurchase hopes lure bargain-hunters to Canbonus
  OTCEI's revival package finds few takers
  Contradictory signals emerge
  Share prices recover on NSE
  Market Round-Up
  Vietnam forex market under pressure to depreciate dong, say foreign bankers
  Crisil downgrades Flex, Overseas Sanmar debt plans
  BgSE brokers caught on the wrong foot as business plunges
  Huge volume may crush German grain prices
  Jakarta palmolein prices up on severe shortage
  Casil Health Products investors get exit option at Rs 5.75 a share
  Nikkei up 3% on govt move to revive economy
  Asian economic woes may not hit commodities market hard
  Three-, five-year papers devolve on RBI
  Commodity Briefing

Touchwood Agrotech Pvt. Ltd.


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