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February 1998

• February 28, 1998
Karnataka HC orders probe into Cogentrix kickbacks
Forex: Rs 39.34-35; Rupee loses 9 paise
BSE: 3622.22; Sensex zooms another 50.59 points
NSE:1060.75; Nifty surges 14.95 points

• February 27, 1998
Forex: Rs 39.25-27; Rupee steady in a dull market
BSE: 3571.63; Sensex zooms 86.94 points
NSE:1045.80; Nifty rises 9.75 points

• February 26, 1998
Forex: Market closed on account of Mahashivratri
BSE: Exchange closed on account of Mahashivratri
NSE:1036.05; Nifty rises 21.95 points

• February 25, 1998
Quit Bengal! Companies move out to greener pastures
Forex: Rs 39.24-25; Rupee gains 3 paise
BSE: 3484.69; Sensex up 6.29 points
NSE:1014.10; Nifty rises 4.50 points

• February 24, 1998
Forex: Rs 39.26-28; Rupee falls by 32 paise
BSE: 3478.40; Sensex gains 61.10 points
NSE:1009.60; Nifty up by 15.95 points

• February 21, 1998
Liquor promotion restricted at Goa Carnival
Forex: Rs 38.93-94; Rupee loses another 5 paise
BSE: 3417.30; Sensex loses 20.34 points
NSE: 993.65; Nifty down 3.90 points

• February 20, 1998
No Asian crisis in India, asserts Ahluwalia
Forex: Rs 38.88-89; Rupee loses 4-5 paise
BSE: 3437.64; Sensex gains 34.76 points
NSE: 997.55; Nifty up by 8.70 points

• February 19, 1998
Forex: Rs 38.84-85; Rupee steady
BSE: 3401.88; Sensex drops 11.48 points
NSE: 988.88; Nifty down by 2.85 points

• February 18, 1998
Forex: Rs 38.84-86; Rupee holds steady
BSE: 3413.36; Sensex drops 36.41 points
NSE: 991.70; Nifty up 17.15 points

• February 17, 1998
Forex: Rs 38.85-87; Rupee declines by about 10 paise
BSE: 3449.77; Sensex zooms another 796.24 points
NSE: Market closed because of elections

• February 14, 1998
Private power tariff will rise on rupee's fall
Adidas signs up Leander Paes, Mahesh Bhupathi
Forex: Rs 38.765-775; Rupee gains
BSE: 3373.53; Sensex zooms up 79.69 points
NSE: 974.55; Nifty up by 17.90 points

• February 13, 1998
HLL proposes mergers of Ponds, Lakme
Forex: Rs 38.77-79; Rupee drops
BSE: 3293.89; Sensex gains by 0.98 point
NSE: 956.65; Nifty dips 2.25 points

• February 12, 1998
Madras Gloom! Property prices slump
Coordinate international policies ti help markets, says Jalan
Sivasankaran to meet Nadars over Tamilnadu Mercantile Bank
Forex: Rs 38.72-73; Rupee gains by about 6 paise
BSE: 3292.91; Sensex sheds 24.79 points
NSE: 958.90; Nifty dips 4.80 points

• February 11, 1998
Forex: Rs 38.78-82; Rupee loses 5 to 7 paise
BSE: 3317.70; Sensex drops 30.65 points
NSE: 963.70; Nifty dips 12.40 points

• February 10, 1998
Despite six years of liberalisation, only 1.5 million cars sold
Madras HC puts curbs on union office-bearers's benefits
Forex: Rs 38.74-77; Rupee steady
BSE: 3348.35; Sensex drops by 18.35 points
NSE: 976.10; Nifty dips by 1.55 points

• February 8, 1998
Weekly stocks review: Jubilant week at BSE, NSE

• February 7, 1998
Forex: Rs 38.67-70; Rupee gains
BSE: 3366.70; Sensex rises by 9.22 points
NSE: 977.65; Nifty up by 1.55 points

• February 6, 1998
The phoenix-like rural bank which began home service
Court reverses judgement in securities scam-related case
Forex: Rs 38.74-76; Rupee steady in a dull market
BSE: 3357.40; Sensex rises by 38.29 points
NSE: 976.10; Nifty gains 8.15 points

• February 5, 1998
Forex: Rs 38.70-72; Rupee strengthens by 5 paise
BSE: 3319.19; Sensex drops by 35.69 points
NSE: 967.95; Nifty loses 7.3 points

• February 4, 1998
The billion-rupee war over the Tamilnadu Mercantile Bank
Govt, industry must work in tandem, says BJP manifesto
Maruti employees flay Suzuki statement
Forex: Rs 38.74-77; Rupee gains 18 paise
BSE: 3354.88; Sensex up by just 0.08 point
NSE: 975.25; Nifty down by 1.35 points

• February 3, 1998
Air-India rethinks its destinations
Forex: Rs 38.93-95; Rupee falls
BSE: 3354.80; Sensex shoots up 130.44 points
NSE: 976.60; Nifty gains 13.15 points

• February 1, 1998
Stock review: Bearish week at BSE, NSE

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