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Tuesday, September 29, 1998

Stock Update Forex Update

BSE gilts trading awaits ministry go-ahead
The Reserve Bank of India (RBI) has sought clearance from the Union finance ministry to allow the Bombay Stock Exchange (BSE) to kick off trading in government securities.

Anmi moots strategies to revive market
The Association of NSE Members of India (ANMI) has mooted strategies to revive the fledging capital market. The market rigmaroles during the last three years has seen a drying up in the medium of channelising small savings to industrial development through stock markets, feels the organisation.

Centre plans floating rate, capital index bonds
The centre is considering issuing a floating rate bond and a capital index (capex) bond as part of the government's borrowing programme in the current financial year. The floating rate bond (FRB) will be issued after a gap of three years while the previous index bond hit the market in the last quarter of 1997-98.


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  Samsung Elecronics next jumbo bond issue in October
  Thai market on the brink of recovery
  Market Round-Up
  RBI issues norms for hedging on commodity exchanges
  Euro will boost domestic trade, says expert
  Rs 3,000 cr two-year paper devolves on primary dealers
  Rights issue plan for fiscal '98-99 dropped by PNB
  Financial Briefing
  STCI set to offer market making for core, corporate bonds
  Institutions gain a "hedge" over others
  UTI Bank issue oversubscribed 2 times
  Funds get charged up as September 30 draws near
  UTI invests Rs 800 cr in equities in Q1
  Correction inevitable despite strong bullish undertones
  EIH
  Promoters, institutions to fill gap in Mangalam Cement right
  Market Briefing
  US rate cut hopes spur Asian exchanges
  Rajmash rises on poor arrivals; cottonseed oil dips


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