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FINANCIAL EXPRESS FRONT PAGE

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Thursday, June 17, 1999

Forex Update

UTI seeks Sebi nod to pick stake in new projects
The Unit Trust of India has sought Sebi approval to pick up equity in upcoming projects through the private placement route.

Sensex vaults 119 points on peace hopes
Hopes of peace on the borders did the trick and rumours of a cut in CRR completed the game. The result -- The Sensex bounced back by 119.67 points.

Wait-and-watch or wait-and-grab?
Are FIIs silent spectators adopting a wait-and-watch strategy? The market believes so eversince the launch of the Kargil operation. But behind the screens it's a different story.



  Soyabean exchange to be linked with CBoT for greater role of global players
  IPE Brent crude, gas oil futures trade sideways
  Singapore gas oil swaps rise on early trading
  Market Round-Up
  Bond redemption puls down oil pool deficit to Rs 3,486 cr
  New product spurs interest in Precol
  Prudential ICICI's FMCG fund reopens for subscription
  NSE to set up internet stock trading for domestic retailers
  Silver drops by Rs 110/kg on higher inflow; cotton gains
  Kashyap Radiant System plans IPO
  Open offer for Modi Xerox Financial to start today
  TimesBank kicks off IPO compaign; public issue opens on June 30
  MSE eases demat norm to help small investors
  Thiruvananthapuram bourse to start trading soon
  Asian stock markets end mixed
  Few obstacles to a strong rally at bourses
  Going after HLL scrip
  Punters flock to Reliance Petroleum counter on hopes of early commissioning
  Market briefing
  Rumour mills target banking counters
  Market looks enticing, but be onguard on high intra-day movement
  BSES -- Time to accumulate
  BSE releases third list of Z-securities



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