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FINANCIAL EXPRESS FRONT PAGE

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Saturday, August 7, 1999

Forex Update

Open up repos market -- RBI panel
The sub-group of a RBI advisory committee has recommended that all entities, including corporates, may be allowed to undertake repurchase agreements in government securities, PSU bonds, private corporate debt securities and all financial institutions' bonds.

Amex Info IPO oversubscribed 5 times
The Rs 6.87 crore Amex Information Systems' maiden public offer has been oversubscribed a little over 5 times. Accrding to market sources, the company has received the amount in around 11,000 applications.

NSE shuts 30 terminals on margin hiccups
Terminals of as many as 30 brokers in the National Stock Exchange were shut down as they could not pay margins following the introduction of the new system of margin introduced by Sebi.


Corporate Results


  Bullion quiet in early Europe trades, one-month gold lease rates ease
  Market Round-Up
  Cipla announces 2
  Rupee slips again; touches 43.46
  Wall Street prepares for a future with fewer middlemen in stock trades
  Sensex dips 26 points on fear of outstanding positions
  Expats pick up shares worth Rs 223 cr in May
  Market Briefing
  Wrong formulation
  What's cooking
  Striking a new bond
  When is the time right to exit from your mutual fund?
  Infotech, cement stocks lead recovery
  Market likely to remain weak; support for Sensex at 4,470
  LCC gives `market cap' on a platter to Arihant
  Working groups set up on venture capital
  Market volatility can smother equity culture
  Market rally will gather momentum once 4650 level is breached



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