Sensex up 65.64 points; FIs are back in action
Institutional players were back in action with the problems on the Kargil front factored in. The 30-share Sensex bounced back with vigour to close at 4,042.52 registering a net gain of 65.64 points.

IFCI in talks with banks for underwriting its rights issue
Industrial Finance Corporation of india (IFCI) has started negotiations with private banks for offering the unsubscribed portion of its proposed rights issue slated to hit the markets by mid-August.

Weak euro constrains ECB refinance plan
The weak euro is constraining the European Central Bank's (ECB) refinancing policy and preventing a move to a variable-rate tender from the current fixed-rate system, traders and analysts say.

  Centre privately places Rs 5,000 cr with RBI
  European Union's lack of concern leaves fledgling euro floundering
  Cum-dividend scrips could be your ticket to high returns
  Market Round-Up
  JM Personal Tax Saver appreciates 60 per cent
  Pitching for a level-playing platform
  Bankers irked over late announcement of bond sale
  FIIs shrug off Kargil, set to resume buying
  Do not ignore interest rate risk in gilt funds
  Once the sensex crosses the 4197-level, the next stop could be 4,600
  There are signs of weakness, but no decisive sell signals
  Thomas Cook
  BASF India likely to improve performance
  Market Briefing
  DSE index crosses 900-point barrier on frenzied buying
  Investing beyond the geographical boundary
  Will the gamble pay off for SSI?
  Akshay Software enters the high premium race
  `We look at the management and business prospects'