Saturday, July 17, 1999
BSE catches up with NSE's market share
The two largest exchanges -- Bombay Stock Exchange and National Stock Exchange -- have eaten into the business of 18 other exchanges, thanks to their aggressive expansion during the last few years. But in the race between the big two, the 125-year-old BSE is catching up with its much younger rival, NSE.
Templeton Emerging Markets Fund trims India exposure to $40 million
The Templeton Emerging Markets Fund has cut its exposure to India from $400 million to $40 million in just over two months. Subsequent to the selling of stocks worth $360 million, the weightage for Indian markets has come down from 3% to less than half-a-per cent.
Centre's private placement pushes down gilts prices
The Government privately placed Rs 2,500 crore of the 12.30% stock maturing in 2016 on Friday. The private placement pulled down the prices of the gilts in the secondary debt market, as dealers expected the Reserve Bank to put out the security on its open market opertion (OMO) sale list.
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