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Tuesday, August 4, 1998

Stock Update Forex Update

US-64 garners Rs 3,105 crore in July for UTI
Unit Trust Of India's (UTI) flagship US-64 scheme has mopped up Rs 3,105 crore during its special-offer period in July. This marks a 30% increase over the collections recorded in July, 1997.

Kothari Pioneer MF to launch country's first infotech fund
Kothari Pioneer Mutual Fund (KPMF) will launch the country's first information-technology fund on August 10 for domestic investors. It will be an open-ended fund with an entry load of three per cent.

Sensex plunges 98 points on regional woes
Equities took a fresh beating on Monday as a fresh fall in regional markets took a heavy toll on sentiment. The nervousness in the market saw the 30-share BSE Sensitive Index breach its support level of 3,140 points to close at 3,112.95 points, a net loss of 98.36 points.


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  Belgian bond market braces for euro-shake-up
  SAP sees good demand ahead of US listing
  Dubai gold premiums falter on Indian downturn
  Japanese crushers cut output as demand dips
  Gold and silver prices moved in opposite direction on the bullion mark
  Market Briefing
  Tisco plunges below Rs 100, 8 A-group stocks hit decade low
  Investors from across the country throng depository
  Investors seek cut in depository custody charges
  Resurgent bonds inflow may result in drop in yields, says report
  Financial Briefing
  Despite good arrivals gram gains; bullion weak
  Parke Davis
  Sensex likely to test 2,954 level; may bounce back in 3-4 sessions
  Wipro stock spurts as net profit zooms seven times
  Primary market conditions continue to be pathetic
  Fund managers' outlook negative
  Experts say Dow could lose up to 40% in October
  Asian markets slump on weaker yen
  Market Round Up

ICRA: An independent investment information and credit rating agency


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