SHCIL, BSE to use hawala price for valuation of shares
BOI Shareholding and Stock Holding Corporation of India (SCHIL) have decided to consider the hawala price for computing the value of deliveries that the former needs to deliver to the latter.

Buyback hope drives DSE stocks
An upward trend gathered momentum on DSE on July 8, 1998, with stock prices soaring further on continued buying by foreign as well as domestic financial institutions and speculative activity, triggerred by news of clearance of buyback of shares by law minister Thambi Durai.

BSE clears ICICI Bank, Citibank outstandings
The Bombay Stock Exchange's clearing house BoI Shareholding has finally cleared the outstanding dues of Citibank and ICICI Bank for settlement ended June 12. The dues were cleared on July 7 and part of it on July 8, 1998. These outstanding dues were pertaining to settlements ended on June 12 and 19.

  Resurgent India Bond to hit the market next month
  Financial Briefing
  Asian markets end mixed on Japan tax cut
  NSE lists US-64 in paperless segment
  Malaysia rubber closes mixed after dull session
  Foreign funds pull out Rs 1,800 cr in 2 months
  Sensex up 49 points on hopes of good results
  Brazilian coffee exports up 18% in June
  Sensex could test 3,300 points today
  Bangalore bourse gears up for expansion as SGF goes operational
  Buy Esab India for long-term investment
  UTI millennium scheme to give assured returns
  SBI to pay fee for Resurgent India Bond exchange cover
  Rs 8,000-crore funds inflow may ease pressure on interest rates
  "Testing" times ahead for derivatives traders
  Market Round-up
  BSE clamps additional volatility margins
  Market Briefing
  Restricted supply spurs edible oils; bullion recovers