The stock exchanges secured all-time high margins of around Rs.2,600 crore. The BSE and NSE constituted Rs.1,250 crore and Rs.994 crore respectively out of the total.

All-round bullishness was witnessed in the Tata group companies’ shares on 24 August 1999. Tisco, Telco and Tata Tea were all in the limelight.
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Stock exchanges want to flock together
Mumbai: The Bombay Oilseeds and Oils Exchange and the Inter-connected Stock Exchange are planning a tie-up, which will allow BOOE to use the ISE's trading platform for its trading. Once ISE gives the permission, BOOE can start trading in commodities from ISE’s platform.
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Sebi allows regional exchange members into ISE
Mumbai: The Securities and Exchange Board of India has allowed members from the regional exchanges to enter the Inter-connected Stock Exchange. This will allow members to transfer the base minimum capital from any regional exchange to the ISE, which was earlier disallowed by Sebi.

The Sebi has put down strict settlement and exit norms for this purpose.
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UTI plans to garner Rs.17,000 crore
Mumbai: For the financial year ended June 2000, the Unit Trust of India is planning to raise Rs.17,000 crore. This will include re-marketing UTI’s six open-ended schemes and also adding new features to the ULIP scheme.

The six schemes that will be taken up are Master Index Fund, UGS-10000, Mastergain, Grandmaster, Masterplus and the Primary Equity Fund.
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Sebi to shortlist 10 stocks for proposed rolling settlement
Mumbai: The shares of 10 companies will be shortlisted by the Securities and Exchange Board of India by 22 September 1999.

The criteria for such selection were finalised on 24 August 1999. Such shares should have a minimum of 250 trades per day and minimum volume of Rs.1 crore per day. The average of nine months between January 1999 and September 1999 will be taken up for this shortlisting. They should also be part of the list where demat trading has been made compulsory by Sebi.
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PNB Gilts to make an issue
New Delhi: The 100 per cent subsidiary of Punjab National Bank, PNB Gilts, will make its maiden public issue. The amount targeted is Rs.35 crore. PNB Gilts will thus become the first primary dealer to come out with an issue in the primary market.
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LSE to ape Nasdaq
London: Come September, and the London Stock Exchange will unfold its plans for a new exchange meant only for technology stocks. This will be on the lines of the US Nasdaq, a highly successful exchange, where technology stocks are traded.

The new exchange will be called Techmark and will target the promotion of London-listed technology stocks.
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