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Saturday, May 15, 1999

Primary dealers lift Rs 8,300-crore RBI refinance as call rates tighten
A string of primary dealers have availed of the refinance facility offered by the Reserve Bank of India to the tune of Rs 8,300 crore at a time when tight liquidity is keeping the call rates above 10% level which is four percentage point (400 basis points) higher than the fixed floor rate of six per cent.

Focus on frontline stocks; Sensex up 60 points
The 30-share BSE Sensex scaled yet another 52-week high at 4,102.03 points on Friday on shortcovering and uninterrupted buying by foreign institutional investors (FIIs).

FIIs inject another Rs 276 crore
Foreign institutional investors (FIIs) are on a roll. Taking the rally further, FIIs infused an additional Rs 276 crore on Thursday, which perhaps is the highest single-day investment made by them on the Indian bourses.



  Come elections, bulls may run out of steam
  FIIs take fancy to ACC, double exposure to 10.55%
  Market roundup
  Polaris Software to charge premium of Rs 210 a share
  Back in the reckoning
  Public sector MFs book profits in cyclicals as new funds fin
  Investor forum
  Market Briefing
  `We combine top-down approach with value investing'
  Diversify among four to five funds to optimise risk-return ratio
  Past perfect, future tense
  The second coming of Canexpo
  Next resistance at 4,322 points
  Rise in paper stocks may not be sustainable
  Philips India -- Book profit
  Institutional investors prune holdings in infotech scrips
  Bulls are in full control now, but things may change



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