Friday, April 16, 1999
Five Indian corporates seek NYSE listing
At least five Indian companies are expected to be listed on the New York Stock Exchange (NYSE) by the year 2000. "Since we have the human factor (trading on floor) as an added value, we can expect more than five Indian companies by the year 2000 to trade on our floor.
Bullion falls on overseas advices; basmati rice flares
Both the precious metals fell back on the Delhi market due to decreased prices in overseas markets. It is the overseas markets prices that dominated the local trend as otherwise, the import arrival of silver were negligible.
Delhi drama drives rupee down to 42.87
Political uncertainty at the Centre drove down the rupee to an intra-day low of 42.87 on Thursday before recovering to close at 42.79/81 on the back of the State Bank of India support.
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