
Saturday, May 15, 1999
Come elections, bulls may run out of steam
Brokers, fund managers and analysts had their ears to the ground. Caution gave way to blind faith even though the Sensex gained another 60-point on Tuesday driven by fresh FII inflows worth Rs 276 crore.
FIIs take fancy to ACC, double exposure to 10.55%
Cement major ACC has caught the fancy of FIIs as the stock continued a dream run this week to whizz past the Rs 2,000 mark on Friday.
Import duty sops on key telecom equipment axed
Domestic telecom equipment manufacturers have received a major shot in the arm with the finance ministry rolling back all duty concessions on the import of hi-density subscriber line (HDSL) apparatus, a critical input for basic telecom projects.
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