Friday, January 1, 1999
UTI seeks part depository participant status
The Unit Trust of India (UTI) is finalising plans to become a limited purpose depository participant with the National Securities Depository Ltd (NSDL) by proposing to dematerialise only units issued by the Trust.
Euro lock-in rates unveiled; local quotes seen at Rs 49-50
The European Commission in Brussels on Thursday announced the lock-in rates of 11 legacy currencies that will be replaced by the euro.
Sensex closes 1988 below 3,100 points
The speculator-driven rally proved shortlived as domestic institutions went on a selling spree on Thursday. Reflecting the lack of institutional support the Sensex fell by 54 points to close at 3,055.41 points.
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