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FINANCIAL EXPRESS FRONT PAGE

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Thursday, July 8, 1999

Forex Update

Market plays the Prudential stake card in ICICI again
Rumours of Prudential Corporation of UK picking up a stake in ICICI gathered momentum in the market when sources disclosed that a high-level team from the former was currently camping in Mumbai for a due-diligence exercise.

BSE members oppose Sebi plan to split badla session
Members of the Bombay Stock Exchange (BSE) have strongly opposed the proposal to split the badla session for short sales and long purchases.

Polaris Software to tap primary market in July
Chennai-based software firm, Polaris software, is planning to tap the primary market with a public issue of equity shares at a premium of around Rs 180-220 per share.



  Gold may maintain its downtrend, say analysts
  Analysts say euro is near bottom as traders fear ECB intervention
  There's life beyond Sensex; 13 scrips hit 52 week high
  Rupiah, stocks' twin gains may continue
  Market Round-Up
  Hessian trader attempts suicide to protest FMC ban on futures
  Foreign banks, PDs ready to cut swap deals today
  Precious metals nosedive on panic-selling; sugar up
  Is the second-round cement rally sustainable?
  Open offer in Porritts & Spencer unlikely to cheer its shareholders
  Jaipur bourse directors ask president to quit
  Shares on the move
  Servicing a huge equity may add to Electrolux's woes
  Stocks shed initial gains on NSE;cement, auto stocks rally on DSE
  Gold prices crash to 20-year low in international market
  Briefing
  Second-rung IT stocks fail to cheer market
  Vesuvius India



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