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FINANCIAL EXPRESS FRONT PAGE

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Thursday, June 24, 1999

Forex Update

Sebi bars agencies from rating promoters instruments
The Securities & Exchange Board of India has barred credit rating agencies from rating the instruments of their promoters.

Tyre stocks on a roll
After the re-rating of paper, paints and hotels stocks, the tyre sector has also managed to attract buyers. As a result, most of the tyre stocks have shown good appreciation during the past few days.

Sensex sheds 98 points as correction sets in
The eagerly-awaited correction in the markets finally happened on Wednesday as the BSE Sensex dropped by 98 points.



  Paper continues to charm investors
  Indonesia cannot join Thai-Malaysia rubber cartel
  Rubber prices may bounce in 2002, claims report
  Curbs may choke Pakistan forex trade
  Bank of Baroda -- Good show in a bad year
  Commodity Briefing
  US copper markets await BHP's move
  Canbank declares 12.5 pc dividend on Canpep'93
  Market Round-up
  Intra-day volatility prevails as markets swing from optimism to caution
  Right time to accumulate Philips India
  Sebi norms may force promoters to offload stakes in rating agencies
  SEBI spots discrepancies in SBIMF's NAV calculations
  Floating Stock
  Rajma chitra tumbles on heavy offering; bullion up
  Cashew export declines 2% but value up 15% at Rs 1,610 crore
  Global terms US charges in Sumitomo case `vague'
  S African gold experts blast IMF sale plan in US
  Market Briefing
  Low-priced IT stocks piggyback on software boom
  Euro shares tumble
  Shares On The Move
  Tokyo stocks close 1.1%lower on profit taking
  Adani Exports back in the limelight, scrip zooms
  Centurion Bank to file public issue prospectus with Sebi soon



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