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Wednesday, July 21, 1999

Forex Update

Infosys pulls down Sensex by 99 points
In a dramatic reversal of role, Infosys led the plunge in indices on Tuesday with the Sensex dropping 99 points, to end the day at 4617.82 points, against Monday's close of 4716.81 points.

Operators trapped in Infosys as ADRs crash
The Infosys ADR bubble appears to have been pierced. In early trade on Tuesday at the Nasdaq, Infy slumped further to $84.

Sustained bull run attracts 19 more foreign funds into domestic market
The sustained rally in the markets has attracted a large number of new foreign institutional investors to the Indian shores. During the last few weeks as many as 19 new FIIs have registered with the Securities and Exchange Board of India.



  Spices witness hectic trading in Navi Mumbai
  Finance firms entry into repos may prompt FIs to pull out of call market
  Market Round-Up
  Financial Briefing
  Wheat milling gains afresh on lower inflow; cotton dips
  Dashboard instrument producers join the auto-boom bandwagon
  Shares on the move
  Magadh bourse seeks CBI probe into offences
  Rights issue to boost Siemens' book value
  Market Briefing
  IL&FS Bond Fund initial public offering mobilises Rs 47.4 crore
  Ailing bourses can die natural death, feel Sebi, MoF
  Sensex may shed another 100 points
  Apollo Tyres to remain bullish



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