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Wednesday, May 19, 1999

UTI toes Parekh panel line, to rehaul US-64 dividend line
The Unit Trust of India has decided to revise the dividend policy for US-64 based on the recommendations of the Deepak Parekh Committee.

US-64 NAV was at Rs 9.50 in June '98
Breaking the long-drawn suspense, the Deepak Parekh Committee has pegged the net asset value of US-64 scheme at Rs 9.50.

Sensex inches up 45 points as punters await Fed rate rise
Long positions saw further squaring off on the second day of the trading cycle on the Bombay Stock Exchange even as the index failed to find support at 4,088 levels.



  Navi Mumbai spices market witnesses divergent trend
  SBICAPs sees 10% upside with caution
  Deutsche Bank downgraded
  FIIs accumulate SBI, Reliance shares
  Rs 500cr, 1-yr Indian Oil paper oversubscribed
  Sovereign credit outlook has turned stable in Asia-Pacific -- S&P official
  Nod to hedge gold abroad to pave way for deposit scheme
  Market Round-Up
  Market expects bonus issue from Tata Tea
  No reason for IPCA scrip to move upwards
  RIL, IPCL zoom on petrochem euphoria
  `Second-generation reforms to focus on markets'
  Century Textiles back on buyers list
  SHCIL kiosks on fast track
  Bank depository participants sore over Sebi directive
  It's time to be sceptical about FII buying -- ISID study
  Ride the bull surf with caution
  Morepen Labs -- Time to book profit
  Bullish trend forges ahead in cotton; g'nut oil reacts
  Delhi oil traders association to set up multi-commodity futures exchange
  Unctad, FMC to host 2-day seminar in June
  UTI to zoom in on infrastructure to protect investment elsewhere



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