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Wednesday, August 5, 1998

Stock Update Forex Update

South Indian Bank to enter market with Rs 52 cr premium issue
South Indian Bank (SIB) will enter the capital market with a Rs 52 crore premium issue during the second half of September. The bank will offer 1.60 crore equity shares of Rs 10 each at a premium of Rs 22 per share.

Resurgent India Bond launched in Europe
The State Bank of India's five-year Resurgent Bonds, to mop up US$ 2 billion from non-resident Indians (NRIs) and overseas corporate bodies, were launched all over Europe with big roadshows.

Net FII investments fall to $9 million
The net investment by foreign institutional investors has dropped to $ 9.6 million during the week ended July 31 compared to $ 20.6 million in the previous week.


The National Stock Exchange of India (NSE)

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Patel Roadways Limited


  Commodity Briefing
  TNEB bond issue proves a hit with investors
  Hawala dealers have a field day
  Market Round-Up
  Market Briefing
  LIC initiates action against PCS over delay in disbursement of redemption money
  ED stops transactions in 32.52 lakh shares of Western India group
  J&K Bank makes debut with a discount to offer price
  Short positions spurt at Colgate counter after dismal Q1 results
  Market is beginning to stabilise
  Oriental Bank to remain bearish
  Reckitt & Colman belies market expectations
  FISE for status-quo on capital adequacy for brokers
  Cost control buoys margins at Indian Hotels
  AAPCI cautions against fraudulent operators
  Short sell at select counters
  Castor oil zooms on overseas buying; precious metals decline

ICRA: An independent investment information and credit rating agency


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