US-64 dividend cut to Rs 1.35 a unit
The Unit Trust of India has declared a tax-free dividend of Rs 1.35 for Unit Scheme-64 for 1998-99. This works out to a yield of 9.64% on last year's July sale price of Rs 14. Last year.

Sensex rises 50 points; BSE turnover up 38%
After lacklustre trade for four sessions, the markets finally dispalyed some strength on Friday -- the last day of trading in the current account on the Bombay Stock Exchange.

Sensex likely to face minor resistance at 4285 points
After remaining dull for four days, the Sensex showed a fair amount of activity on Friday. The credit for this movemoment goes to HLL, Reliance, Tisco, SBI, L&T and Telco.

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  Market Round-up
  RBI closes on-tap sale of 12.3% paper
  Copper adds new gleam to Indo Gulf corporation
  Skindia Finance restructures GDR index
  Tata Chemicals -- An attractive buy
  Enter at declines for good long-term gains in Infotech Ent
  Indo Gulf Corp offers a medium-to-long term investment opportunity
  Kaashyap Radiant banks on projections
  Amex Information Tech offers IPO at a P/E of 6.17
  PFC's $100m FRN priced at 145 basis points over Libor