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Tuesday, August 18, 1998

Stock Update Forex Update

IDBI plans Rs 40 crore public issue
IDBI Bank will make an equity offer to the public in the current calendar year. The equity portion of the offering will comprise Rs 40 crore. The premium on the offering has not been determined as yet.

Citibank to market Alliance India Premier Growth Fund
Alliance Capital Asset Management on Monday launched its latest product -- Alliance Equity Fund -- through Citibank. Christened Alliance India Premier Growth Fund, the open-end fund is aimed at deriving returns from high growth stocks.

Feeble response prompted SBI to defer RIB closure date
The State Bank of India's decision to extend the earliest closing date for the Resurgent India Bonds (RIB) by one week has not surprised the market as contrary to expectations the issue has failed to generate an "overwhelming" response.


The National Stock Exchange of India (NSE)

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  Price fluctuations affect copper buying
  Contract norms for soya traders to be regularised
  Call rates tighten as demand for funds outstrips supply
  Primary dealers stay unenthused by RBI underwriting scheme
  Centre to issue fresh 15-year paper at 12.4% coupon
  Euro may challenge dollar's monopoly
  Rouble devaluation likely to eat into export earnings of key corporates
  Market turns jittery on rouble devaluation
  NSE plays down payments crisis, allays fears on outstandings
  Gopalpur project is Tisco's albatross
  NRB Bearings' commercial paper plan gets P1 rating
  Market Briefing
  Rouble devaluation adds to panic list; Japan leads regional market slump
  PSUs, FIs dominate private placement of debt in Q1
  Market intervention a smear on Hong Kong's reputation
  Sensex may shed another 100 points; wait for the storm to blow over
  Sun Pharma
  SEBI warns against agro companies
  Pivotals decline on heavy selling by FIIs
  Kabligram, black pepper flare up; bullion weak
  Commodity Briefing
  Market Round-Up

ICRA: An independent investment information and credit rating agency


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