Sunday, November 8, 1998
Renewed buying interest props Skindia Index 5% to 550 points
The Skindia GDR Index for the week ended Nov 5 improved by 27.52 points to finish at 550.12 points, up from its previous week's close of 522.60 points. After a relatively dull previous week, the week under review saw some buying interest in the GDR market.
Carryforward rates hover around 13% at Bombay Stock Exchange
Carryforward rates on the Bombay Stock Exchange (BSE) touched a high of 13.4% and hovered around 12.6-13.4%annualised for the second week in a row. Last week, too, the rates were on the higher side, moving in a band of 11.59-12.68%.
Crompton Greaves plans to tie up buyback details soon
Crompton Greaves will finalise its buyback plans in six months and is presently examining the guidelines while seeking clarifications from the Securities and Exchange Board of India.
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