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Tuesday, August 10, 1999

Forex Update

Rolling settlement to be kicked off by December
Sebi has set the ball rolling for the introduction of rolling settlement in the country's stock exchanges. It is likely to be kicked off by December.

Rupee touches 43.59 as volatility grips forex market
The rupee fell to an intra-day low of 43.5850/5950 on Monday, before recovering to close at 43.40/41 on the back of State Bank's dollar sales.

Siemens rights issue cleared
The Securities and Exchange Board of india (Sebi) has cleared the offer document for the Rs 127.78 crore rights issue of Siemens Ltd.


Corporate Results


  SEA in talks with BOOE to set up multi-commodity futures exchange
  Market Round-Up
  Sebi to seek weekly demat status from DPs, registrars
  Dal arhar tumbles on dull demand; edible oils flare up
  Market treats sustained corporate turnarounds with less favourable eye
  Shares on the move
  Delhi bourse to streamline in-house probe system
  Online depository kicks off in Chandigarh
  Tokyo stocks close marginally higher
  Investor moves court over Cantriple return
  Templeton Trust chief bullish on India
  Market briefing
  Sensex up 63 pts, punters target cement, auto
  Book profits now unless you have long-term interests
  Gujarat Gas -- Attractive buy at current levels



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