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Thursday, October 8, 1998

Stock Update Forex Update

SEBI set to probe Monday market fall; seeks details on large trades
The Securities & Exchange Board of India (SEBI) will probe the mayhem at the markets on Monday and ascertain the role of a bear cartel in pulling down the Sensex by 224 points.

Market undervalues FI stocks on NPL fears
The bear hammering in counters like IDBI and ICICI on fears of mounting non-performing loans (NPLs) has resulted in these stocks being quoted at a steep discount to their book values. Consider this.

Open offer for Hinditron Informatics unlikely to find many takers
The shareholders of Hinditron Informatics are likely to give a thumbs down to the open offer by Embtech Holding Ltd of Mauritius as the scrip is trading at a 95% premium to the offer price of Rs 8. However, the market, it seems, is upbeat on the Hinditron scrip.


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  S&P downgrades Telco's currency outlook to negative
  `New rouble trade a success, rate stable'
  Market Round-Up
  Financial Briefing
  RBI ups yields on 364-day T-bills by 115 basis points
  Guruswamy pins blame on foreign fund for fall
  FM, funds pull Sensex up to 3,000 points
  FIs to support stake hike by FAG Precision's German collabor
  ICICI Premier NAV up on recast
  OTCEI to relaunch trading in permitted segment
  Tokyo leads Asian markets higher; Nikkei up 6.2%
  Centre dismisses fears about US-64
  Recovery likely to be sustained
  Zee Telefilms seen bullish
  Downslide continues in castor oil; bullion spurts
  Markets shore up; US-64 redemption pressure eases


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