The Financial Express -- Markets

Friday, May 9 1997

Rating firm to assess equity mutual funds

Credit Rating and Information Services of India Ltd is likely to revamp the Crisil-00 Index on the lines of S&P's Index following the Standard & Poor's acquiring an equity stake in the Indian rating agency. It is also planning to enter the business of rating mutual funds with exposure to equity market.

Infrastructure Bond Issue

Market boosts sectoral stocks

The presentation of the Union budget in its slightly modified form had fewer nastier surprises than expected and some positive ones. Software companies have got their exemption from MAT (for export earnings) and the markets responded over enthusiastically. All software stocks gained.

ICICI may finance coffee futures market

Industrial Credit and Investment Corporation of India Ltd is likely to finance the proposed domestic futures coffee market in Bangalore, a decision on which is expected next week. Apart from ICICI, ABN Amro Bank has also shown a keen interest in associating itself with the endeavour.

S&P picks up 9.6% in Crisil

Corporates fall over one another to tap ECB market

Kabuligram crashes on increased offerings; bullion divergent

Scrip scales new high on BSE, NSE

Damani in Delhi to push BOLT expansion plan

Fund manager can make or break a mutual fund

NSE's Patil is consultant for Bangla capital markets develop

Volumes vault 92% at Whirlpool counter