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This is an archive article published on October 8, 1999

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Sensex jumps 265 pointsMUMBAI: Shrugging off pre-poll nervousness, stock markets on Thursday greeted the victory of the BJP-led coalition...

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Sensex jumps 265 points

MUMBAI: Shrugging off pre-poll nervousness, stock markets on Thursday greeted the victory of the BJP-led coalition with a scintillating rally with stocks and indices vaulting to new peaks. Bulls ran amok taking the Sensex to an all-time high of 4985.15, just 15 points short of the magical figure of 5,000.

Pressler waived

WASHINGTON: The US House-senate conference committee today agreed to a waiver of the Pressler amendment and other laws, paving the way for resumption of American arms sale to Pakistan. The decision, seen as a triumph for Pakistan, is believed to sweeten the signing of the CTBT for the Sharif government.

Moody8217;s rating

NEW YORK: Moody8217;s Investors Service today said it raised the outlook to positive from stable for India8217;s BA2 rating on foreign and domestic currency debt. Moody8217;s pointed out that the country8217;s balance of payments was quot;resilientquot; through the Asian and Russian crises.

 

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