The Financial Express -- Markets

Friday, May 16 1997

Corporates make beeline for UTI money market fund

Several corporates are likely to shift from current account to money market mutual funds as an instrument to boost their surplus funds. Unit Trust of India's money market fund, which opened on April 23, has already mopped up over Rs 30 crore. Market sources say the institution is flooded with queries on the fund from cash-rich corporates.

Infrastructure Bond Issue

ITC steals limelight in divergent trend on heavy FII buying

ITC Ltd stole the limelight in a mixed pattern of trading on the Mumbai stock market on Thursday on heavy purchases by foreign institutional investors despite a modest beating in the Front-line scrips as a result of profit taking. FIIs were reported to have bought 5 lakh shares of the tobacco company.

Lyons Range, Delhi exchange signpact for expansion

The Delhi and Calcutta stock exchanges have agreed in-principle to enter into a memorandum to facilitate mutual expansion. DSE has, however, ruled out any tie-up with the Bombay Stock Exchange. The market regulator is reported to have asked the exchanges to provide a time-frame within which they will revert to a weekly settlement.

Volumes spurt in "telephone market" on liquidity flush

Dollar hits all-time low vs yen

Stock lending via depository on the anvil

Look at your broker's record before striking a deal

Bear cartels tighten grip on auto scrips

Market Round-up -- CALL

Coats Viyella scrip jumps 32% on Mumbai bourse

Gram dips on increased offerings; wheat steady

Market float by September

Care downgrades Philips' Rs 30-crore debt paper

Mayya seeks changes in SEBI act

Bank stocks go topsy-turvy