Wednesday, October 21, 1998
Selling stampede slams Sensex down 89 points
Heavy selling by local operators saw the Sensex shed a hefty 89 points on Tuesday. Interestingly, foreign institutional investors (FIIs) and domestic institutions were net buyers in the final analysis even though they sold heavily on a day marked by low volumes. According to figures collated by NSE, FIIs were net buyers at Rs 8.86 crore with domestic institutions at Rs 6.54 crore.
Sinha joins chorus to stub out 100% foreign investment in cigarettes
Finance minister Yashwant Sinha has opposed the policy of allowing 100% foreign direct investment (FDI) in cigarettes. He has sought a review of the policy by the prime minister.
Peugeot firms up exit route terms, offers to square joint venture dues
Automobiles Peugeot of France is believed to have offered to square accounts of PAL-Peugeot with Standard Chartered Bank as part of an agreement which would see its final exit from the Indian joint venture.
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