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Friday, August 27, 1999

Forex Update

Sensex rebounds, soars to all-time high of 4846 pts
The markets bounced back yesterday brushing aside the rumour-driven panic on Wednesday. The Sensex registered a smart gain of 127.63 points to close at a new all-time high of 4,846.36.

UTI declares 16 per cent dividend on Mastershare
Unit Trust of India has declared a 16 per cent dividend on the Mastershare, 1986.

Indian Oil collects $150 m through syndicated loan
Indian Oil Corporation (IOC) has mopped up $150 million through an overseas syndicated loan for meeting its crude oil import requirements.


Corporate Results


  Briefing
  Buoyancy back, markets target 5000-mark
  Strong technicals make cement stocks the flavour of the seas
  Paper scrips pick up on growth hopes
  Cement, IT have good potential -- Uday Kotak
  Revival in demand is good news for Apollo Tyres
  Market Briefing
  SSI poised for a rally on rise in net, aquisition move
  Construction companies perk up on bourses
  Bank stocks unlikely to gain in short term -- Crisil
  UTI's share in total MF collections takes a dip
  Asian markets close lower
  Sensex needs consolidation, but look for opportunities
  BSES will remain bullish
  Rise in global oil prices lead to stock release
  Asian crude oil steady after prices in New York, London slump
  Demand improves at Calcutta tea sale, 95% offerings sold
  Commodity Briefing
  Market Round-Up



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