It remains mainstay of bourses in 1999
If Infosys Technologies crossing the Rs 9500-mark baffled you, the returns in excess of 2000 per cent y-o-y from Hinditron Informatics and Aftek Infosys is sure to leave you gasping. Despite inching close to the Rs 10,000-figure, the Bangalore-based software major has given returns of only 669 per cent y-o-y. During the same period, more than seven software companies have given returns of more than 1,000 per cent.Skindia GDR index dips 0.08 per cent
The Skindia GDR Index declined further by 0.08 per cent from 940.02 points to 939.23 points on November 24. Similarly, the Skindia GDR index p/e ratio also eased by 2.14 per cent from 73.76 to 72.18 while the Skindia GDR index premium dropped by 2.11 per cent from 27.93 per cent to 27.34 per cent. Out of 66 scrips, there were 29 gainers, 17 losers while 20 remained unchanged.
The major gainers for the day were EID Parry (US dollar 2.75), SAIL (US dollar 4.13) and Satyam Infoway (US dollar 79.56)while the major losers were JCT Ltd (US dollar 1.50), Tube Invest (US dollar 2.75) and Garden Silk (US Dollar 1.00).
Nikkei bows to profit-taking
Tokyo's stock market gave in to profit-taking on Thursday, showing signs of exhaustion after a five-day rally that lifted the benchmark Nikkei average above the key 19,000 barrier for the first time in 27 months. The Nikkei finished down 174.43 points or 0.92 percent at 18,271.78. December Nikkei futures lost 70 points to close at 18,750.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.