
Wednesday, October 28, 1998
Tata Investment to pull out of OTCEI market-making
Tata Investment Corporation has formally decided to pull out of market-making on the Over The Counter Exchange of India. The board of directors of Tata Investment Corporation has ratified the company's decision not to undertake market-making operations on the OTCEI.
FIIs turn buyers; net inflows at $11.3 million
In a complete reversal of trend of net outflows during the previous weeks, foreign institutional investors (FIIs) turned net buyers to the tune of Rs 48.2 crore during the week ended October 23. In dollar terms, this translates into a net inflow of $ 11.3 million during the weeks ended October 9 and October 16, respectively.
HLL, ITC come to market's rescue yet again
It was ITC and HLL once again which provided the much needed support to the falling market indices. The operator driven rally reached its peak when the ITC stock hit the intra-day's high of Rs 750 on the NSE for a brief while.
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