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FINANCIAL EXPRESS FRONT PAGE

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Tuesday, January 26, 1999

Stock Update Forex Update

Sensex stays above 3,300-point level amidst volatile trades
With the number of corporates turning in mixed results, institutional participants continued to sell heavily at the local bourses.

Sony plans rights issue, foray into infotech
As part of its foray into the software business, Sony Corp India is planning to float a Rs 2-crore rights issue and a preferential offer of equity shares.

Insilco sets on a consolidation drive; scrip zooms on bourse
Even before the formal takeover of Insilco Ltd by Degussa AG of Germany, Insilco has shown signs of a strong turnaround in its fortunes.


Inspirations furnishing fabrics

Central Electronics Limited

Patel Roadways Limited


  Air Products to pick up 23% in Industrial Oxygen
  Spainish importers turn to Europe for maize
  Euro crude rally crumbles on margins
  China seen facing record crude imports this year
  Minas crude prices rise as Japan Daqing supply cut off
  Market Round-Up
  Rhodes & Schwartz Bick bids for 51% stake in Meltron
  China's yuan devaluation may spell trouble for yen
  Tax authority seals lid on buyback debate
  International markets slip fearing China's devaluation of the yuan
  11 open-ended equity funds return 15% in less than a month
  Book your profits now; re-enter after correction
  Switch loyalties as you please, reap the bounty
  Euro stocks fall
  Consumer court penalises Worldlink Finance
  CEIB probes transactions at Bank of Rajasthan counter
  Yuan devaluation fears rock stock markets across Asia
  Outlook positive, Hindustan Lever may trigger uptrend in market
  Finolex Cables
  Silver declines further; groundnut oil looks up
  Market Briefing



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