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Saturday, October 17, 1998

Stock Update Forex Update

I-Sec forsees squeeze in short term
Liquidity during the next fortnight is expected to remain fairly tight, ICICI Securities (I-Sec) has said in its debt market review for the fortnight ended October 15. The commentary also points out that the SLR investments have grown by Rs 8,035 crore.

MSEB extends bonds' issue closure date
The Rs 150-crore bond issue of the Maharashtra State Electricity Board (MSEB), which was to close on October 7, has been extended to the third week of the month. This has been done to "enable the board to generate more funds" to buy a 30% stake in the Dabhol Power Company (DPC) and also part finance its own projects.

1.98 lakh bad deliveries seen in UTI Mastergain counter
Bad deliveries at the UTI Mastergain counter of the BSE has risen to a phenomenal high of 1.98 lakh shares. The bad delivery auction, conducted on the BSE yesterday, saw a huge quantity of over 1 lakh shares of UTI Mastergain auctioned at an average price of Rs 9.


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  Zodiac on growth path, poised for better times
  Australian wool futures gain
  Liffe cocoa bounces back in late trades
  Stockpiles pull down Chinese copper prices
  Weak dollar pushes up NY precious metals
  European bourses seen soaring on rate cut
  Market Round-Up
  SBI, ICICI Bank stocks good buy, HDFC Bank overvalued
  Commodity Briefing
  Financial Briefing
  Festive air fails to lift badla rates
  Morgan Stanley gives itself a clean chit over Black Monday share sales
  Wipro, VSNL seek inclusion in mandatory paperless trading list
  HLL, ITC save the day; Sensex dips marginally to 2,848 points
  Jaipur bourse flays UTI for corporate presentations
  Market Briefing
  Nation could lose out in race for fresh FII funds
  "Novartis undervalued at current levels"
  Stock exchange chiefs seek definition of "common membership" from Sebi
  First-half rights issue mobilisation falls 83 per cent
  Asian markets surge as US cuts interest rates
  Market may lose further ground; keep an eye on support levels
  Lakme likely to remain bearish


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