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Markets

Wednesday, May 20, 1998

	Depository, Unit Trust draw up plan to list US-64 on NSE The National Securities Depository Ltd (NSDL) and Unit Trust of India (UTI) are working on a proposal to list the units of US-64, the latter's flagship scheme, on the equity segment of the National Stock Exchange. Plans are also afoot to provide liquidity to the units by putting in place an effective market-making mechanism.		FISE proposes risk cover for investors The Federation of Indian Stock Exchanges (FISE) has proposed the formation of a deposit insurance scheme for the protection of investors in the capital market. FISE has proposed the establishment of a single window institution for the protection of the investors. FISE has also proposed a special court having an exclusive jurisdiction over all security market related disputes.
	UTI to modify pure debt fund to give investors an easy exit The Unit Trust of India (UTI) plans to modify the recently launched 100% pure debt fund to provide investors the easy exit facility. UTI will now allow partial repurchases in a systematic manner with the condition that the minimum account balance will be Rs 10,000. This first open-ended 100% debt fund will also be the first scheme of UTI to declare a daily NAV.		BPL scrips may attract margins on BSE The Bombay Stock Exchange is likely to slap margins on the BPL group counters. Following the sharp appreciation in these counters over the last couple of sessions, the exchange authorities have put them under watch. While BPL Refrigeration been trading at a new 52-week high for the past three sessions, BPL Engineering has risen by 30% per cent in four trading sessions.

ICICI bond issue draws "satisfactory" response
The Industrial Credit and Investment Corporation of India's (ICICI) Rs 300-crore bond issue closed on Tuesday with officials stating that the retail investor response was "satisfactory". The final subscription figure will be available only after two-three days as investment data will have to flow in from outstation centres, said an ICICI official.

Portfolio management on the Net is here
Internet broking may soon be here, thanks to the National Stock Exchange (NSE). What has started as a personal portfolio management system could well culminate in the NSE giving each member some space on its web server to facilitate trading through the Net. The personal portfolio management system has already reported about 800 registrations from investors.

FIIs continue to sell on bourses
Punters target select stocks
Investors offer hefty premium to pick up Archies Greetings' shares
"FII holding in Crisil at 18.6%"
Stock holding spurs rajmash chitra; silver crashes
Market may strengthen today
Nagarjuna Fertilizers likely to bounce back
Japan, Indonesia crises may see yen weaken to 140 against dollar
Market Round-Up
Hopes of budget sops drive up steel stocks on the bourses
Indonesian palmolein market paralysed
Raw cotton prices rise slightly in Europe
Georgia wheat exports look up
Market Briefing
China copper futures down in line with LME slide
Commodity Briefing
Adopt wait and watch policy
Demat trading at Rs 6.5 crore
Lure investors with market-making