
Tuesday, June 22, 1999
IT stocks provide a new platform for the next leap
Bouyed by a host of positive news, the markets shot up to its 60-week high on Monday. Boosted by a rally in the infotech stocks, on Monday the Bombay Stock Exchnage Sensitive Index reached 4214.85 points.
ADR spurt triggers Infosys chase again
A sudden jump in the Infosys ADR last week end on the Nasdaq led to a virtual scramble for the company's shares in the domestic market today.
GDRs up 3.5 per cent, as cyclicals remain favourites
The chase for cyclicals continued unabated in the GDR market on Monday even as the domestic players shifted to IT stocks. More, the GDR market rose at a much faster pace.
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