Financial Daily from THE HINDU group of publications
Friday, September 19, 2003
Markets (Sept. 18)
BL 2501463.88 (-49.29)
BSE Sensex4134.15(-101.20)
S&P CNX Nifty1302.35 (-39.25)
US Dollar (Buy/Sell)45.94/46.07
Gold Std (10 gm)5700 (+50)

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Sensex sheds 101 points on overbought futures position
BENCHMARK stock indices fell sharply on Thursday on widespread selling by investors who were said to be paring overstretched positions. The 30-share Sensitive Index of the Bombay Stock Exchange (BSE) fell 101.20 points or 2.39 per cent, the ... More

RIB outflows will not impact markets: RBI
WITH the Resurgent India Bonds (RIB) redemptions just a fortnight away, the Reserve Bank of India has reiterated that ` no cognisable impact' is anticipated in the financial markets on account of the dollar outflow. The RBI will meet most of ... More

`NRI-owned overseas firms on par with foreign investors'
THE Reserve Bank of India has today permitted overseas entities owned by non-resident Indians (NRIs) to enjoy all the facilities available to any foreign investor, including automatic route for foreign direct investment. However, these ... More

Bankers give Reliance credit -- plenty of it!
YOU could say it's a case of Reliance coming to the bankers' rescue! Every banker has been complaining of declining borrowings from the corporate sector during the past two years. A quick search on the CMIE database of bank borrowings for a ... More

SC ruling on paddy puts Centre, UP Govt in a bind
THE Food Corporation of India's (FCI) problems stemming from excessive procurement of foodgrains is set to further intensify during the coming kharif marketing season, beginning October. The reason for this is not just the likely bumper paddy ... More

Rains fill up 58% level in reservoirs
AT the fag end of the current rainy season, most of the 71 major reservoirs in the country have filled up and the storage level has reached 58 per cent of the full reservoir level (FRL), according to the latest data released by the Central Water ... More

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