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FINANCIAL EXPRESS FRONT PAGE

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Wednesday, August 25, 1999

Forex Update

Sensex and S&P Nifty close at all-time high
Market players set the stage for the Sensex to scale its all-time high on Tuesday with the bourses witnessing frenzied buying.

Margin system to be fine-tuned to rolling settlement, says Sebi
The margining system is likely to undergo further rationalisation following the introduction of rolling settlement in December.

Do not miss the bull run, but beware of market manipulators
The market continued its northward march further on Tuesday. The NSE weekend could not suppress the bullish undercurrent.


Corporate Results


  Crop shortfalll to push up October tea prices
  Pepper prices up 6% in global markets
  Asia crude oil prices recover overnight losses
  Dull trades dominate Navi Mumbai spices
  Gold moves sideways in early European trade
  Commodity Briefing
  Inter-bank forex turnover falls to $88 billion on rupee bailout package
  Market Round-Up
  Regulating private placement market, says Reserve Bank
  Trading revives in 400 dormant B2 stocks
  Most A group stocks are still trading at a discount
  Market Briefing
  Market euphoria must give way to caution
  Asian markets cautious with eyes on Fed meet
  Weak gold prices deflate exchange fluctuation reserve by Rs 319.7 cr



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