Sunday, August 30, 1998
Skindia Index remains steady amidst global markets doom
The week ended August 28 saw the Skindia GDR index edge up marginally by 0.32% or 1.83 points to 578.83 points from its previous week's close of 577 points, reflecting the melancholy that pervades the Indian stock markets and the Asian region as a whole.
ISE gears up for launch; begins mock session
The Inter-connected Stock Exchange of India (ISE) commenced trial runs yesterday with the hope that once the exchange goes live in a month's time the trading activity at the 15 regional stock exchanges promoting ISE would get a tremendous boost.
Call rates zoom to 25 per cent on CRR hike
The one percentage point hike in banks' cash reserve ratio (CRR), which came into effect yesterday, played havoc in the overnight call money market as call rates opened at 25% against Friday's closing level of 0.5%.
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