Wednesday, October 21, 1998
SEBI for share deals above 5,000 via demat
In a bid to bring more investors to the dematerialised form of trading, the core group on depositories appointed by SEBI has decided to make it mandatory for investors to deliver only demat shares if their net outstanding delivery position for a settlement is more than 5,000 shares.
Sensex plunges to 52-week low
The festival of lights failed to prevent the bears from taking control of the stock markets on Tuesday. With foreign institutional investors (FIIs) and local speculators hammering down share prices, the Bombay Stock Exchange Sensex plunged by 89 points to a 52-week low of 2764.16.
FM against 100% FDI in cigarettes
Finance minister Yashwant Sinha has opposed the policy of allowing 100 per cent foreign direct investment (FDI) in the cigarette industry. He has sought a review of the policy by the Prime Minister.
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