Local drug firms may swallow Nasdaq pill
Nasdaq listing fever appears to have gripped parts of India Inc and drug firms may possibly be the most equipped to offer a medium-term cure -- another listing -- for this ailment.

Sensex closes below 3,700-mark on profit booking
Equities suffered a setback at the BSE following selling pressure from operators coupled with a lack of buying support from foreign institutional investors, pushing down the BSE Sensex by 71 points.

Alliance Capital Tax Relief '96 to go open-ended; repurchase in April
Alliance Capital Asset Management plans to make their existing equity-linked saving scheme (ELSS), Alliance Capital Tax Relief '96 open-end.

  India Cements puts out early rights call to shore up coffers
  Credit Demand likely to pick up in next fiscal, says I-Sec
  FIs underwrite bulk of SWIL public issue
  Drop in bond yields will pep up banks bottomlines, say analysts
  Market Round-Up
  UTI MMMF, JM Debt, Templeton Liquid among top performers
  SBI Mutual Fund plans open-ended liquidity fund; secures Sebi approval
  Bears put hopes on ice, await exim and credit policies
  Market briefing
  Infosys loses steam, premium to ADR narrows
  Shares on the move
  Seat Spa gets Sebi exemption
  Wait till the scrips adjust completely to new levels
  HPCL
  Asia has cool response to Dow Jones high
  Aurobindo Pharma
  South Korea refiners resume jet fuel exports
  Gold down on IMF move to bail out poor countries; grains, coffee up
  LME clarifies on give-up agreements
  `Primary dealers are fully leveraged'