Stock markets volatile
Mumbai: The coup in Pakistan did not plunge the Indian stock markets into depair, but it did make them swing.

The Bombay Stock Exchange index of 30 shares swung 141 points on 13 October 1999, before closing at 5,032, losing 24 points from the previous close. The National Stock Exchange index of 50 shares closed at 1,496, up 12 points. The NSE volumes once again hit a record high of Rs.4,850 crore while the BSE turnover was Rs.3,386 crore.

Some of the major stocks to gain were Satyam Computers, Ranbaxy Laboratories and Himachal Futuristics.

Infosys’ American depository shares on the Nasdaq touched an intra-day low of $157 before recovering. ICICI also fell to $11-9/16 on the New York Stock Exchange.
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Satyam Infoway listing on 19 October
Bangalore: Satyam Infoway will be listed on the Nasdaq on 19 October 1999 and will have the trading symbol ‘Sify’. The company is conducting roadshows for close to 4.8 million shares in the price range of $12 to $15 per share, targeting an amount of around $50 million.
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UTI may make MasterGrowth open-ended
Mumbai: The 1993 MasterGrowth scheme of the Unit Trust of India may become open-ended. This will be decided after a meeting on 15 October 1999.

MasterGrowth had a capital of Rs.408 crore and reserves of Rs.97 crore as of 30 June 1999. On 6 October 1999, the net asset value of the scheme was Rs.20.39, and the units are traded around Rs.17 per share on the stock markets.
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BSE announces complaints list for September
Mumbai: The top three companies listed on the Bombay Stock Exchange against whom the maximum number of complaints have been registered for the month of September 1999 are Padmini Polymers, Gujarat Fun N Water Park and Vatsa Corporation. The total number of pending complaints against these companies is 360, 173 and 225 respectively.

Others in the top ten are Patheja Forgings, Shreyans Industries, ICES Software, Pentafour Products, Datapro Information, Pittie Cement and Nexus Software.
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