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FINANCIAL EXPRESS FRONT PAGE

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Thursday, January 28, 1999

Stock Update Forex Update

BSE holds special auction to settle demat mismatch
The Bombay Stock Exchange (BSE) on Wednesday conducted a special auction to enable the brokers meet their pay-in obligations of delivering demat shares for settlement ended on January 15. The auction was conducted for about 10 stocks with the volumes ranging in the band of 100-1600 shares.

Canbank Mutual Fund to float two debt schemes in March
Canbank Mutual Fund is likely to float two new debt related schemes -- Canbank income scheme and a money market related scheme -- by early March 1999, subject to Sebi approval.

Profit-booking limits Sensex surge
Profit booking by domestic institutions saw the 30-share Sensex close below the crucial barrier of 3,400 points at 3,353.98, recording a net gain of 44.83 points over Monday's close. However, FIIs continued to be net buyers on the local bourses with their net purchases pegged at Rs 20 crore on the BSE.


Inspirations furnishing fabrics

Central Electronics Limited

Patel Roadways Limited


  STC to get flexibility in procuring soft oils
  Asia unlikely to see cheap sugar imports from China
  Aluminium to face downside pressure
  Market Round-Up
  Equity financing can be boon
  Hinduja group may hike stake in Fascel
  No evidence of Japanese banks hiding gilt losses
  Market makes a steady advance
  Court stalls Calchem acquisition by Henkel
  Funds take stock of their software favourites
  Edible oils slump on slack demand; bullion divergent
  European stocks up on Asian gains; dollar firm
  How equity fundshave fared in the current bull run
  Market Briefing
  Shares on the move
  SBI Caps rates FMCG, IT stocks as outperformers
  Events, not fundamentals to drive stock markets in 1999



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