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Wednesday, October 28, 1998

Stock Update Forex Update

Tata Investment to pull out of OTCEI market-making
Tata Investment Corporation has formally decided to pull out of market-making on the Over The Counter Exchange of India. The board of directors of Tata Investment Corporation has ratified the company's decision not to undertake market-making operations on the OTCEI.

FIIs turn buyers; net inflows at $11.3 million
In a complete reversal of trend of net outflows during the previous weeks, foreign institutional investors (FIIs) turned net buyers to the tune of Rs 48.2 crore during the week ended October 23. In dollar terms, this translates into a net inflow of $ 11.3 million during the weeks ended October 9 and October 16, respectively.

HLL, ITC come to market's rescue yet again
It was ITC and HLL once again which provided the much needed support to the falling market indices. The operator driven rally reached its peak when the ITC stock hit the intra-day's high of Rs 750 on the NSE for a brief while.


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  IFC S$300m bond issue a benchmark for Singapore
  World Briefing
  US West Coast crude market idle
  Metals trade drinks to a cheerless future
  Asian crude may ease on Bass Strait startup
  Market Round-up
  Singapore bond market trade up on government moves
  Dull response prompts state to pull off bond issue closure
  Karnataka state undertaking plans privately debt placement
  Commodity Briefing
  Financial Briefing
  Investors turn to negotiated deals in demat form
  Rising premiums on Indian GDRs could lure FIIs to local markets
  Buyback in paperless mode will be more transparent, feel experts
  Post-restructuring, SBI MMS '90 outperforms Sensex by 24%
  HLL, ITC should help Sensex
  Crompton Greaves to remain bullish
  HK stocks rise 1.5%
  Centre to push share buyback via ordinance
  Tokyo stocks down for third straight day
  Book profit periodically
  Skindia Index up 3.52% to 547.49 points
  G'nut oil crashes on panic selling; silver shoots up
  Market Briefing


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