SHAREHOLDER WEALTH UP Rs 40,000 CR IN 3 DAYS
Article Abstract:
The market capitalisation of all the stocks listed on the Bombay Stock Exchange rose by Rs40,000 crore on March 3, 1999. The market capitalisation appreciated following the announcement of a reduction in the interest rates in the 1999-2000 budget. The market capitalisation was Rs525,000 crore on March 3, 1999 (Rs511,000 crore on March 1, 1999 and Rs499,554 crore on February 27, 1999). The market is witnessing re-entry of retail investors and some heavy buying by the foreign institutional investors. The Unit Trust of India has almost stopped its selling activities and has instead taken up buying. The Indian stocks are now moving upwards. (ag)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
NON-OIL IMPORT RISE HOLDS THE KEY TO INDUSTRIAL TURNAROUND
Article Abstract:
India has reported a 16 percent rise in its non-oil imports to $27,158 million during April-December 1998 ($23,479 million during April-December 1997). The analysts opine that the rise in the non-oil imports indicates a revival in the industrial economy. The analysts are of the opinion the rise in non-oil import indicate that industrial activity is picking up as the industry would be importing various inputs and machinery. During this period, the gold and silver imports accounted for 63 percent of the total imports. The balance 37 percent includes various project goods, professional instruments and optical equipment. (ag)(m)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
FAST FORWARD, INTO THE FUTURE
Article Abstract:
India had domestic futures in pepper, turmeric, castorseed, potato, gur and hessian. About 25 exchanges all over India were trading the above six commodities. In 1998, an international futures in pepper was launched at Kochi. The government of India approved castor oil for international futures and cotton and jute for domestic futures trading in 1997-98. In 1998-99, the government has added edible oils, oilseeds and oil extraction to the domestic futures list. The World Bank has cleared a $0.49 million grant for developing the futures market in India. (rk)
Comment:
India: Has domestic futures in pepper, turmeric, castorseed, potato, gur & hessian
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: SHOWING AN IMPRESSIVE GROWTH PATTERN - INDIAN BULK DRUG INDUSTRY. PRACTITIONERS DECRY `THEFT' OF INDIAN AYURVEDIC PRODUCTS
- Abstracts: HUGE SUGAR OUTPUT LEADS TO CRASH IN PRICES OF MOLASSES. GOVT LIKELY TO INCREASE IMPORT DUTY ON SUGAR
- Abstracts: AREA UNDER COTTON SHRINKS IN NORTHERN INDIA 8% INCREASE SEEN IN AREA UNDER COTTON
- Abstracts: BIWATER, FIs HOLD TALKS ON AID FOR STATE PROJECT. COPRA PROCUREMENT MAY TOUCH RECORD LEVEL IN KERALA
- Abstracts: GODREJ TO PACKAGE, MARKET DABUR'S REAL JUICES, DRINKS MODI-GBC TO CONVERT Rs5 CR PREF SHARE INTO EQUITY. GODREJ TO SET UP SHOP IN VIETNAM, OMAN