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FINANCIAL EXPRESS FRONT PAGE

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Thursday, August 19, 1999

Forex Update

Market panel fails to end deadlock over Sebi, RBI power-sharing issue
The meeting of the high-level committee on capital markets in Mumbai last week failed to resolve the deadlock over the sensitive issue of delineating the line of control between Sebi and RBI with respect to capital market instruments.

Sebi sets up groups to look into Net trading
Demat, rolling settlement and now, Internet trading. In its efforts to modernise the markets, Sebi has taken the first few steps to lay the foundation for Internet-based trading.

HSE plans to set up new company for NSE trading
The Hyderabad Stock Exchange (HSE) has kicked off the process to set up a 100% owned subsidiary to formalise its induction into the National Stock Exchange (NSE), as a member.


Corporate Results


  Dubai gold demand goes up on smuggling to India
  Global yellow metal demand hits record high in Q2, says WGC
  Dubai gold trade picking up despite demand slump in India
  Dubai gold demand goes up with smuggling to India
  Bank scrips soar despite poor first-quarter results
  Global gold demand hit record high in Q2 -- WGC
  Bank scrips soar despite poor Q1 results
  Asian oil prices dip as US gasoline stocks rise
  I-Sec sees easy liquidity in current fiscal
  Global petroleum exchange for faster action on ownership pattern
  Asian crude oil prices crashas US gasoline stocks rise
  Dutch firm TNT Post sets sights on Indian market
  Centre receives 45 bids for 27 oil blocks
  Six bourses may close down for Y2K non-compliance
  Gram spurts on restricted supply; bullion divergent
  Relentless bulls push Sensex past 4700 mark
  Scrips on the rise before the fall?
  Market Briefing
  Kotak bond fund to allow exit at premium
  TimesBank may be listed on the bourses on Aug 24
  Hindustan Oil Exploration makes new beginning
  Investors beware, it could be a lull before the storm
  No money in these pockets
  Are they strong enough?
  It's only a chain-reaction
  Tokyo stocks lose early gains on a higher yen
  Scope for scrips to rise further
  HPCL swings back into the limelight
  Six bourses might have to close down for Y2K non-compliance
  Gram spurts on restricted supply; bullion divergent
  Relentless bulls push Sensex past 4700 mark
  Scrips on the rise before the fall?
  Market Briefing
  Kotak bond fund to allow exit at premium
  TimesBank may be listed on the bourses on Aug 24
  HSE plans to set up new company for NSE trading
  Hindustan Oil Exploration makes new beginning
  Investors beware, it could be a lull before the storm
  No money in these pockets
  Are they strong enough?
  It's only a chain-reaction
  Tokyo stocks lose early gains on a higher yen
  Scope for scrips to rise further
  HPCL swings back into the limelight
  Market Place
  Use semi-urban hubs for rural marketing -- IMM



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