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FINANCIAL EXPRESS FRONT PAGE

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Tuesday, March 23, 1999

Stock Update Forex Update

Late buying fuels Sensex rise above 3700 level
Share prices bounced back on Monday as speculators and institutional players re-entered the market towards the close of trading. The Sensex closed 40.55 points higher at 3713.18, after witnessing some selling pressure in late afternoon trading.

Crisil reaffirms GE Shipping debt plans
Crisil has reaffirmed the ratings for three debt instruments of the Great Eastern Shipping Company (GESCO). The rating agency said that the `AAA' rating for the Rs 16-cr and the Rs 100-cr non-convertible debenture (NCD) programmes of the company have been reaffirmed alongwith the `FAA' rating for its fixed deposit programme.

Revision in IPO norm paves way for Noida Toll Bridge public issue
The Securities and Exchange Board of India has finally cleared the decks for Noida Toll Bridge's Rs 100-crore public issue. With the Sebi board revising entry norms for infrastructure projects at its recent meeting, Nodia Toll Bridge's draft prospectus is likely to be cleared soon.


Inspirations furnishing fabrics


  Moody's is "cautiously optimistic" about emerging markets' future
  Investors turn cautious as Metrochem shuts down two units
  Sensex likely to cross 3790 on Tuesday
  Market cheers re-rated liquor stocks
  Herdillia Chem rights at Rs 15
  Y2K solution for small exchanges
  A high-premium debut likely for KPIT Systems
  Bullion prices suffer on reduction in sales tax
  Indian Hotels Company -- Restructuring is awaited
  Satyam, to the next level!
  Reckitt & Colman
  Bonus rumours abound in Archies
  Alliance '95, JM balancedfunds top in performance
  Shares on the move
  National Stock Exchange's Pune facility completes trading
  Indian import duty too high -- NZ wool body
  Asian stocks end mixed
  Technology upgradation fund plan to be launched on April 1
  Garments to be delisted from reserved category
  Market Round-up
  Australian ryots object to Japan's duty hike on rice
  Commodity Briefing



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