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FINANCIAL EXPRESS FRONT PAGE

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Thursday, July 15, 1999

Forex Update

Sensex scales new peak of 4710 pts as foreign investors lead the charge
News of FIIs pumping in Rs 411 crore spread like wild fire in the stock markets taking the Sensex to an all-time high of 4,710.25 points on Wednesday, recording a gain of 95.05 points.

Paper, auto stocks beat Sensex
The gains are unbelievable. In some cases as high as 345% in less than three months. In most cases it would be tempting for investors to book profits, especially so in the case of commodity, automobile and paper stocks.

HLL, MTNL, Infosys provide new launch-pad for Sensex
The BSE Sensex closed at an all-time high of 4710.25 on Wednesday as buying frenzy continued unabated for the third day in succession.



  Brent oil up to $19 as Saudi firm on curbs
  Financial Briefing
  ICICI slashes interest rates on safety bonds by 50 basis points
  NFCL plans Rs 200cr preference share issue
  Market Round-Up
  Sebi notifies rating agency norms
  Pfizer counter sees negotiated deal of Rs 10 cr; foreign fund may be buyer
  Market continues to show strong bullish undertone
  Time to pickup Satyam Computer
  Bears tighten grip on Carrier as Q1 net falls
  Polaris announces IPO at Rs 210
  Mirc Electronics spurts 77% on impressive Q1
  Reaping a good harvest
  Reliance cuts POY price; gold recovers while silver dips
  Sebi panel sets eligibility norms for SE members
  BSE to launch online surveillance
  Century Textiles factors in recovery
  Market Briefing
  Good Q1 results may revive IT stocks rally
  ADR buying pushes Infosys to new high
  Briefing
  Oil prices at 20-month high, copper drops
  A technical view of Sensex scrips



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