Satyam Infoway Ltd-(Nasdaq:SIFY) Message Board

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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)

SIFY 11.06

-2.9%

3:28 PM EST

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To: Mohan Marette who wrote (772)	2/18/2000 1:17:00 AM
From: Mohan Marette	Read Replies (1) of 1471

Satyam Computers continues to baffle... Friday, 18th February, 2000- 10:30 am The BSE Sensex is at 5,844 (points). The NSE Nifty is at 1,754 (points). The Indian Rupee is trading at Rs 43.61 per US Dollar. Satyam Computers has once again hit the upper circuit (8%) amidst large scale buying interest. The company's subsidiary Satyam Infoway has had a successful secondary offering at US$ 80 per ADR (quarter of one share) on the NASDAQ. The other driver is a rumour that Satyam Computers may be considering a stock split. Among the other stocks that have hit the upper circuit are Alpic Finance, Reliance Capital, Sun Pharma, Global Trust Bank, Dr Reddy's, Wipro and Mastek. The interest is once again limited to software, financial and pharma stocks. Today is the last day of the settlement on the BSE and this could create some selling pressures later in the day as momentum investors look at closing their open positions. -EquityMaster

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