
Wednesday, July 21, 1999
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.
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