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FINANCIAL EXPRESS FRONT PAGE

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Wednesday, August 4, 1999

Forex Update

Cement back in focus; Sensex up 33 points
Tuesday was the day of the cement stocks on the markets. Gujarat Ambuja Cement, ACC, L&T, Madras Cement all ended the day's trading with handsome gains and most of these stocks were on the upper end of the circuit on the Bombay Stock Exchange.

RIL preference share issue gets highest safety rating from Crisil
The Credit Rating Information Services of India Ltd (Crisil) on Tuesday has assigned a `pfAAA' rating to the proposed Rs 300 crore preference share issue of Reliance Industries Limited (RIL).

Markets seem set to stabilise
With the inevitable technical correction now having well and truly set in, markets seem set to stabilise and display sideways movements for a while.


Corporate Results


  Crisil, Icra reaffirm ratings of 4 NBFCs
  Market Round-up
  Oil firms raise naphtha, LSHS, furnace oil rates
  Dematerialisation runs into jam on retail rush
  Maharashtra truck strike spurs edible oils; pulses fall
  UTI awaits Sebi clearance for MIP
  Market Briefing
  Retail investors to ride next rally, says HSBC
  Bonus rumours swirl in Gujarat Ambuja counter
  Esab India -- Succour from the second half
  Zurich AMC to unveil open-ended gilt fund
  Banks disappoint market with poor first-quarter performance
  Good Q1 show to improve Nirma's valuations further
  UTI plans to introduce Web transactions from next year
  The short-term outlook is bearish -- ASK-Raymond
  Shares on the move
  Sensex still not out of bearish mood
  Tata Tea may remain firm
  Spices show lacklustre trading in Navi Mumbai



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