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Saturday, May 2, 1998
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Bull run comes to a grinding halt at BSE
The fall in the Sensex last week brought the bull run in A and B1 group stocks to a grinding halt. The substantial gains recorded by scrips in these two categories were ripped off with a 270-point correction in just three trading sessions, the bulk of which came on Wednesday when the Sensex slipped by 112 points.
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Crisil outlines risk factors in plantation firms
An apparently unregulated access to public subscriptions and negligible capitalisation levels are the most disturbing factors concerning collective investment funds like plantation companies, says Crisil. It says that the risk issues which would factor for plantation company ratings include lack of model accounting standards, flexibility to assure apparently unrealistic returns to investors and their tendency to incur excessively high expenses to raise resources.
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Emerging debt prices up, but holiday keeps volumes low
Emerging debt prices continued to firm on Friday in reaction to positive news on the U.S. Economy but volumes were thin with European and Latin American markets shut for the May Day holiday.
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Auction of bad delivery mutual fund units goes up on Mumbai bourse
The bad delivery auction conducted by the Bombay Stock Exchange (BSE) on April 30 saw a phenomenal rise in the number of UTI units offered for auction. As per figures collated by the BSE, the UTI Master Gain counter recorded a record 16,100 units being offered for auction, followed by UTI Master Plus at 6,200 units, UTI Master Growth '93 at 3,200 units and UTI Grandmaster at 1,000 units.
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Attractive pricing for J&K Bank IPO; limited exposure a handicap
The Jammu & Kashmir Bank opens up yet another investment opportunity with its Rs 70.3 crore public issue. In the past, retail investors had fancied bank issues especially when the primary market was in doldrums. Although J&K Bank is small in size, its maiden public offer at Rs 38 seems to be attractive compared to some of the other bank issues in the recent past which include SBBJ's at Rs 54, SBT at Rs 60, BoI at 45 and Dena Bank at Rs 30.
Software stocks emerge top gainers in 1998
New listings from the software industry have taken the number one position in fiscal 1998. Blue Information Technology, which offered its shares at par, has recorded the highest capital appreciation of 910% on listing, followed by Cybertech Systems -- which was also offered at par -- at 650%, Infotech (offer price Rs 20) at 300% and Sofcon Systems (offer price Rs 10) at 120%.
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 A brief, impressive performance from ITC Top 200
Market may rally to 4,150 points before heading south
Amfi seeks tax concessions on investments in mutual funds
Fund Update
Market Briefing
Bullion prices continue to roll down
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