The Financial Express -- Markets

Tuesday, August 12 1997

UTI mulls offshore fund for public sector unit stocks

The Unit Trust of India plans to launch another offshore equity fund, this time targeted at the public sector unit (PSU) stocks. G P Gupta, chairman, UTI, informed that the plan for the launch of this scheme will be finalised over the next fortnight.

Expectations of badla pushes Sensex up 84 points

Six scrips ITC, Reliance Capital, Tata Tea, BHEL, BPCL and GSFC touched new 52-week high yesterday at the Bombay Stock Exchange as reports of the return of the market-friendly badla gained currency. The Sensex jumped 83.76 points to close the day at 4,481.30.

ICICI Bank's issue oversubscribed

lCICI Bank's offer for sale of shares has received an overwhelming response from retail investors. In view of the response to the issue, the bank is likely to consider enhancing the minimum allotment for small investors, said a senior official of the bank.

London gold stays firm, other metals steady

Analysts favour US treasuries

SEBI meet to take up modified badla today

BLB Shares offers pvt placement

Eurodollars steady

Asian Paints drama: enter Capital International

US treasuries close higher

Market Round-up -- Call Money

Market indicators in a short-selling mode

Kothari Pension Plan yields 30% in July

A merry mood prevails in the markets

Silver firms up, gold steady; g'nut oil weak

Substantial rise in BoI Double Plus NAVs

HSE to suspend 242 scrips pending declaration of results