Sunday, March 21, 1999
Badla rates zoom to 51% on BSE
Carryforward rates on the Bombay Stock Exchange (BSE) zoomed to a high of a little over 51% before stabilising in the band of 40.2% to 41.7% annualised.
DSP Merrill Lynch, Kotak may enter money market as primary dealers
The Securities and Exchange Board of India's (Sebi) decision to allow merchant bankers to carry out fund-based activities is likely to lead to the entry of DSP Merrill Lynch and Kotak Mahindra Capital Company as primary dealers in the money market.
Skindia Index gains 1.97%; IT stocks take centrestage
Pharma and IT stocks continued to be the key players at the GDR markets. Reflecting the completion of a long correction the Skindia GDR index closed at 653.32 points on March 18, registering a net gain of 1.97%.
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