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FINANCIAL EXPRESS FRONT PAGE

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Thursday, July 1, 1999

Forex Update

ISE knocks on Sebi door to relax demat code for retail investors
The Inter-Connected Stock Exchange of India (ISE) has made a proposal to Sebi to enable retail investors holding around 500 shares of companies which are in the compulsory demat mode to sell such shares in physical mode.

Connectivity between the depositories may be delayed
Investors are turning restless as connectivity between CDSL and NSDL is likely to be delayed by at least another month, with both sides currently developing an interface software.

Prudential ICICI, Canbank MFs to launch gilt funds
Prudential ICICI and Canbank Asset Management Company's have filed their prospectus with Sebi for a gilt fund. Both the Prudential and Canbank gilt schemes are proposed to be open-ended dedicated gilt schemes.



  Spices show slow, moderate trading in Navi Mumbai
  FMC raids Ahmedabad Commodity Exchange
  Market Round-Up
  Sensex down 30 points in dull trading
  Kargil, domestic support hold key to market
  Torrent Gujarat Biotech defaults on Rs 70 cr NCDs
  Ceat scrip on a roll
  Bull run propels US-64 NAV to Rs 12
  Higher prices, value-addition boost Sterlite
  Sensex turns negative, next stop is at 4,083
  Uptrend in Tata Chemicals may continue
  Cantriple redemption at NAV, says Canbank MF
  Wall Street's rise, Fed meet affect Asian sentiment
  Ashok Leyland may scale past Rs 100
  Subex to go public on July 19; Morgan Stanley to pick up 5%
  Briefing



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