UTI realigns CGGF to long-term rates
Unit Trust of India's has relaunched Children's Gift Growth Fund (CGGF) after a gap of more than one year. It may be recalled that UTI had suspended fresh sale of units in November, 1997 after a prolonged and consistent downturn in interest rates.

Political uncertainty takes centrestage; Sensex down 29 points to 3,237 points
Taking a cue from the figures released by Sebi on institutional transactions, local operators made a beeline to liquidate a considerable chunk of their holdings. Reflecting the lacklustre mood of the market, the 30-share Sensex continued it downward journey to close at 3,236.76 points, registering a net decline of 29.15 points.

Centre rules out indemnity for Gail
The Union government has declined to offer an indemnity to investors on the information provided by it in the prospectus for disinvestment of its shares in Gail. It is also yet to decide on whether it should indemnify investors for disclosures made in the prospectus for disinvestment of government holdings in VSNL.

  Weak demand yanks down Singapore oil swaps
  Malaysian palm oil market share at risk
  Singapore oil product swaps down on poor fundamentals
  Malaysian palm oil prices seen weak this week
  Taiwan aluminium spot premiums ease
  Euroland bond yields may rise
  Market Round-Up
  Centre not to offer indemnity for Gail, VSNL issues
  Euroland bond yields seen rising after long drop
  Market Round-Up
  Sensex likely to slide further
  Domestic bourses rated 4th by Morgan Stanley
  Political flux driving down share prices
  Industrial Oxygen open offer at Rs 375 a share
  Hotel Leela
  Jaipur bourse offers part of new building to BoR in lieu of loan
  IDBI Bank targets retail investors
  Anubhav chief in custody
  Cambodian fish stocks hit by water shortage
  Market briefing
  Sensex may slide further
  NSE forecast
  Precious metals improve further; sugar down
  Next crisis will hit the `system' itself