Wednesday, January 20, 1999
Pharmaceutical, software stocks hog the limelight in a falling market
The pharma and the software sector stocks hogged the limelight in a mixed trend on the Bombay Stock Exchange (BSE) on Tuesday with the benchmark BSE-30 Sensitive Index registering a decline of 60 points.
Concor likely to make retail offer in February
After its Rs 225-crore divestment to institutional investors, Container Corporation of India (Concor) is likely to come out with a public issue for retail investors towards the end of February, 1999. The government is contemplating the sale of 10 lakh shares to the retail public before the closure of the current financial year.
Select funds switch to long-term assets despite uncertainty
Fund managers of income schemes are turning to trading profits to augment their net asset values even as interest rates continue to rule flat and debt programmes of companies are being downgraded. There is no unanimity of view among fund managers on the direction interest rates will take.
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