Buying activity was high in stocks such as Ballarpur Industries, Escorts, Gujarat Gas, Zee Telefilms, Ranbaxy, Thermax, T N Petro and M&M on the BSE.
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NSE deactivates 180 members
Mumbai: The National Stock Exchange deactivated 180 of its members on 20 August 1999. This led to a crash in volumes on the exchange to around Rs.1,700 crore.

In the meanwhile, Gujarat Leasing, Prime Securities, Alpic Finance, Tata Finance and Kotak Mahindra Finance performed well, with returns ranging from 55 per cent to 250 per cent.
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Sebi asks BSE not to include illiquid stocks in A Group
Mumbai: The Bombay Stock Exchange will refer to its board its earlier decision to reshuffle A group shares, according to a report in the Business Standard. This follows informal meetings the exchange has had with the Securities and Exchange Board of India. The BSE has also referred the planned reshuffle to Sebi.

The proposed change was to come into effect from 14 September 1999.
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CMC may come out with issue
Mumbai: CMC Ltd., the public sector computer company, is seeking permission from the government to raise close to Rs.10 crore through a rights or preferential issue. The issue may be launched in October.
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CSE records high delivery
Calcutta:The Calcutta Stock Exchange posted a 7.5 per cent delivery to turnover ratio. It has also had a record pay-in and pay-out for the settlement period 6 August 1999 - 12 August 1999. During this settlement, the turnover was Rs.6,576 crore, a record high for the bourse.
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Pune Stock Exchange ruling resented
Pune: Depository participants in Pune have objected to the Pune Stock Exchange ruling that all brokers should open a common pool account with the Janata Sahakari Bank.

The brokers feel that the bank is enjoying an unfair advantage, and that it is not competent enough to handle the workload singlehandedly.
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Sebi keen on net trading
Mumbai: The Securities and Exchange Board of India is keen on providing internet trading facility to investors. Two working groups have been constituted, which would finalise norms on interface standardisation, security protocols, surveillance and monitoring.
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