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Market Briefing
IT stocks push Nikkei over 19,000 mark
Tokyo's benchmark Nikkei average broke above the 19,000-point barrier for the first time in more than two years on Wednesday afternoon, boosted by heavy buying in the infotech sector. The Nikkei hit a peak of 19,036.08, rising above 19,000 for the first time since August 22, 1997, before retracing to 18,935.44, up 113.32 points or 0.60 per cent, as of 0520 GMT. The December Nikkei futures contract was up 130 yen at 18,940, after rising to 19,010.NSE to offer debt market trading
In an effort to develop the secondary debt market, national stock exchange (NSE) has decided to offer trading facility for high networth and non-institutional investors in its debt market segment from early next year. Skindia GDr index dip 0.76 per cent
The Skindia GDR index representing GDRs of 19 actively traded companies declined marginally by 0.76 per cent from 947.24 points to 940.02 points on November 23. The index p/e ratio also dropped by 1.60 per cent from 74.96 to 73.76 and the Skindia GDR index premium decreased by 4.84 per cent. Zenith files draft offer with Sebi
Sebi has received one draft offer document from Zenith Infotech Limited for Rs 39.12 crore during the week ended november 5, 1999. The offer of public issue is for 34,75,000 equity shares of Rs 10 each, for cash at a premium of Rs 100 per share to public and Rs 115 per share to FIs and MFs aggregating Rs 39.12 crore. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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