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Saturday, July 4, 1998

Stock Update Forex Update

BSE clearing house outstanding brought down to Rs 9 crore
The total outstanding position of BoI Shareholding, the clearing house of the Bombay Stock Exchange (BSE), stood at a whopping Rs 113 crore for the settlement ended June 12. This has now been brought down to a total liability of Rs 9 crore carried forward from the settlement ended June 19.

Political tremors rock market; Sensex drops 91 points
For the second consecutive day, the political climate cast its gloomy shadow on the market. Consequently, the 30-share Bombay Stock Exchange Sensitive Index fell by 91.71 points on Thursday. The Sensex closed at 3,089.02 points as against its previous close of 3,180.73 points.

Firms fall back on Mibor to price debt issues
Indian corporates are increasingly pricing their debt issues pegged to call money rates, with the Mumbai Inter-Bank Overnight Rate (Mibor) emerging as a popular benchmark. The Infrastructure Leasing and Financial Services Ltd (IL&FS) is the latest to announce a non-convertible debenture (NCD) issue with a Mibor-linked yield.


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  Groundnut oil skyrockets, nearing Rs 500 mark; gold & silver react
  German bourse to trade in wheat
  Redemption, volatile markets see NRI deposits stagnate
  Do not open shortsell positions till Sensex breaks below 2,950 points
  Darjeeling tea gains, CTC, orthodox ease
  IPOs hit a nadir with 7 issues in first quarter
  Pudumjee Pulp a lone-rangerin troubled paper industry
  Depository chief sore with Nestle for its refusal to demat shares
  Interest, capacity addition erode Madras Cement's earnings
  Impressive results fail to perk up Valson Synth scrip
  Market likely to remain dull
  Crisil gives P1+ rating to Sony, Seagram Manufacturing debts
  HK, Thai stocks plunge on renewed weakness of yen
  New York may slap sanctions against Swiss banks
  Market Briefing
  Avail repurchase option to exit from Canbonus
  Market Round-Up
  Offload Cantriple at current premium to NAV as it faces an uncertain future
  Fund Update
  High debt component is a bane for Intron
  Crisil downgrades ICDS Ltd FDs
  Commodity Briefing

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