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FINANCIAL EXPRESS FRONT PAGE

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Wednesday, March 10, 1999

Stock Update Forex Update

Sebi mulls variable price band structure for scrips
The Securities and Exchange Board of India (Sebi) is planning to bring in a variable price band structure for share prices. The issue will be discussed at the inter-exchange surveillance group meeting to be held today.

Prudential-ICICI AMC corpus up 337 per cent
Prudential ICICI Asset Management Company has managed to increase assets under management by a whopping 337.50% to Rs 700 crore from Rs 160 crore a year ago.

Kothari Pioneer to launch two sector specific funds
Kothari Pioneer Asset Management Company plans to shortly launch two sector specific funds -- Kothari Pioneer Pharma Fund and Kothari Pioneer FMCG Fund.


Inspirations furnishing fabrics


  International debt issues hit nadir in late 1998, says BIS
  Australian grain market mixed; Taiwan imports down
  Financial Briefing
  SBI open-ended funds' NAV zooms on post-budget market rally
  Software arm ends Group Usha's despondency on the bourses
  SBI Magnum LiquiBond corpus rises to Rs 50 crore
  NSE likely to offload 5% stake in NSDL
  Sebi clears BoR rights; issue to open in March
  SQL vies for a slice of the software IPO boom
  Market Briefing
  Floating Stock -- SBI lends a helping hand
  Sensex continues to march ahead; ignores ITC
  The bull orbit hinges on increased deliveries
  Hong Kong, Tokyo rise on mixed day for Asian stocks
  Bullion spurts on weak inflow; pulses rule easy
  Hyderabad SE plans to impose transaction charge on members
  Market Roundup
  Increased arrivals stabilise cotton prices in Gujarat
  Report pins blame on yen-carry trades for high forex volatility
  Commodity briefing



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