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Saturday, September 18, 1999

Forex Update

OTC Exchange chalks out revival plan
The OTC Exchange of India has announced a three-pronged revival strategy which includes seeking NSE membership, a complete overhaul of the market-making system and attracting knowledge based companies to list on the exchange.

TimesBank listed on NSE, DSE at a premium
TimesBank has been listed on the Delhi Stock Exchange at a premium of 51% to the offer price of Rs 10.

UTI's IT fund registers 37 per cent spurt in NAV
The software fund from Unit Trust of India's Growth Sector Funds has seen its net asset value vault by 37.4% in a short span of 3 months.


Corporate Results


  `World sugar market faces tough future'
  Reserve Bank may cut CRR to ease liquidity pressure, says JP Morgan
  Most analysts prefer free cash flow method to assess corporates' performance
  An allotment scam is brewing in infotech IPOs
  Lack of majority is no threat to capital market
  Principal may invest $100 m in local mutual, pension funds
  Balanced funds are the flavour of the season now
  Markets stage a recovery as Sensex gains 47 points
  Cybermate plans private placement
  Rejig may help Birla Corporation
  Base of 4,470 points holds the key
  Carrier Aircon; bouncing off its support level
  Market Briefing
  Commodity Briefing
  If Sensex breaks above 4810 points, another bull run is likely
  Market Round-up



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