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Wednesday, May 23, 2001

ASSEMBLY POLLS 2001
	Get results of Assembly Elections 2001 at expressindia's exclusive election site.


	FE EDITORIAL

	War-room story Good ambition Why the cash reserve ratio had to be cut Laughing Buddha(deb) Wish you were here


	FE ANALYSES

	China gets the attention, but the returns are in India Where’s the commitment to fighting AIDS? Post-verdict, introspection is the need of the hour for BJP Oil Psus have role to play in frontier basins The space sellers

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Selective buying may continue
THE index could gain only one point on Tuesday but the second rank software stocks recorded impressive gains. A positive Nasdaq also had a favourable impact on top IT stocks and a large number of them managed to record satisfactory gains.

Sensex stays steady amid political crisis
THE political uncertainty continued to cast its shadow on the stock markets on the last day of current settlement at the National Stock Exchange (NSE).

Tirodkar issue may dominate BSE meet
THE crucial meeting of the BSE’s governing board, which is to be convened on Wednesday, is expected to take final decision on the fate of one of its key official Mr Atul A Tirodkar.

New economy may lead brief rally on bourses
EVEN though the stock markets have remained almost flat during the past few days the new economy sector stocks are likely to take lead in the days to come. Frontline counter from these sectors like Wipro, Satyam Computers, Global Telesystems and Digital Equipment are expected to witness renewed interest both from institutional as well as retail investors.

BPCL, Bharti Tele to raise Rs 750 cr from debt market
EQUITY is out, debt is in. Even as equity markets are struggling to woo retail investors, five entities are already out to raise over Rs 1,500 crore from the debt market over the next week, with three of them already in the market.

Russell Credit hikes offer price for VST
CIGARETTE major ITC Ltd’s 100 per cent subsidiary, Russell Credit, has revised the open offer price to acquire 20 per cent stake in VST to Rs 120 per share against the latest offer price of Damani brothers’ Bright Star Investments at Rs 118 per share.

Debt markets to shift focus to retail investors by year-end
DEBT markets, hitherto the mainstay of the institutional and wholesale investors, may see a see change by the year end, if the developments in the sector are any indication. This would see the retail investors being wooed by the players in the debt market more than ever before.

Stringent code of ethics for SE brass to be effective from Aug
THE Securities and Exchange Board of India (Sebi) has finally put in place the code of ethics for stock exchange directors and officials. This code comes into effect from August 2001.

Sebi asks collecting bankers to send issue details in seven days
THE Securities and Exchange Board of India (Sebi) has asked the registered bankers to (public) an issue to ensure that the details of subscriptions and the final certificate are furnished to the registrars to the issue, lead manager and the respective company within seven working days after the closure of the issue.

The Beard realises need for speed
THE fresh clouds of uncertainty, which seem to have descended on the political scene out of thin air, did play the role of a spoilsport. Of course, second line technology stocks were in good demand.