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FINANCIAL EXPRESS FRONT PAGE

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Saturday, July 10, 1999

Value funds stage a comeback
Recently, investors have taken a fancy to cyclical stocks. The group consists of traditional smokestack Indian industries like cement, aluminium, engineering, refining, petrochemicals and capital goods.

An attractive valuation
The thrust on new businesses like e-commerce and web-enabled technology is likely to see R S Software's(RSSL) income rise by 100 per cent and net profit by over 80% in the current fiscal.

Swaps and hedging made easy
Deregulation of interest rates which helped in making financial market operations efficient and cost-effective has brought to the fore a wide array of risks faced by the market participants.



  Market sentiment seems weak, book profits on declines
  Ride the northward wave till it breaks



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