Sebi cancels Maruti Securities' registration: Sebi has cancelled the certificate of registration of Maruti Securities Ltd, a category I merchant banker, with effect from July 10, for its failure to pay annual registration fees for the year 1996-97, according to a Sebi release.

BoB Mutual Fund: A meeting of the board of trustees of BoB Mutual Fund will be held on July 28 to consider and adopt the unaudited results for the quarterperiod June 30 of BoB ELSS '95 and BoB Growth '95.

FICS Consultancy Services: The board of directors of FICS Consultancy Services will meet on July 29 to consider inter alia the results for the quarter ended June 30.

Stanrose Mafatlal Investments: The meeting of the board of directors of Stanrose Mafatlal Investments & Finance Ltd will be held on July 29 to consider the unaudited financial results (provisional) for the quarter ended June 30.

Twenty-First Century Printers: The board of directors of Twenty-First Century Printers Ltd will meet on July 31 to consider the unaudited financial results of the company for the quarter ended June 30.

Cravatex: The meeting of the board of directors of Cravatex Ltd will be held on July 29 to take on record the unaudited financial results of the company for the quarter ended June 30.

National Peroxide: The board of directors of National Peroxide Ltd will meet on July 30 to take on record the unaudited financial results for thequarter ended June 30.

Thomas Cook: The meeting of the board of directors of Thomas Cook (India) Ltd will be held on July 30 to take on record the unaudited financial results of the company for the quarter ended June 30.

Asea Brown Boveri: The board of directors of Asea Brown Boveri Ltd will meet on August 18 to consider, inter alia, the unaudited financial results (provisional) of the company for the six months ended June 30.

Chowgule Steamships: The board of directors of Chowgule Steamships Ltd will meet on July 31 to take on record the unaudited financial results (provisional) of the company for the quarter ended June 30.

Cinerad Communications: The board of directors of Cinerad Communications Ltd will meet on July 31 to consider and take on record the unaudited financial results (provisional) of the company for the quarter ended June 30.

Nifty drops 3 points: Share prices reacted on profit-selling at higher levels on the NSE on Friday. The NSE-50 Index (Nifty)settled at 1,000.95 points, showing a fall of 3.10 points over the previous close. The Nifty Junior (Mid-cap) Index fell by 12.55 points to end at 1,478.90.

MSE shares lose value: Share values remained static on the Madras Stock Exchange on Friday with most scrips registering notional losses. The MSE Index finished a notch higher at 3,766.38 points against its previous close of 3,766.32 points. Reliance ended a shade lower at Rs 150.65. ITC lost Rs 12.95 to close at Rs 699.25. Satyam Computers lost Rs 17.75 to Rs 527.55.

CSE shares lose ground: Profit-taking pared earlier gains on the Calcutta Stock Exchange on Friday. The 40-share CSE Index wound up at 1,958.58 points after moving between 1,974.28 points and 1,935.79 points. HLL weakened on selling pressure to close at Rs 1,697.40. ACC ended at Rs 1,394, Reliance at Rs 149.60, Tata Tea at Rs 309.40, ITC at Rs 699.80 and SBI at Rs 218.30.

Skindia Index rises 6.22%: The Skindia GDR Index improved by 6.22 per cent from 703.57 to747.32 on July 16. The Skindia GDR Index p/e ratio was 17.16 on July 16 compared with 16.06 on July 15. The top gainers were Videocon International, Finolex Cables and VSNL which quoted at $1.75 ($1.50), $3 ($2.65) and $13.25 ($11.85), respectively.

HK stocks close higher: Hong Kong stocks closed Friday higher with index heavyweight HSBC Holdings driving the advance, fuelled by overseas market strength, brokers said. The Hang Seng Index ended a relatively choppy day up 42.36 points, or 0.49 per cent, at 8,628.93.

KL stocks rebound: Malaysian shares rallied to close sharply higher on Friday, aided by a strong recovery in the ringgit which pushed up banking stocks. At the close, the KLSE's key Composite Index was up 3.56 per cent, or 15.32 points, to 445.31.

Rupee strengthens vs dollar: The rupee held rock-steady against the dollar in extremely dull trades on Friday, but gained by 5 paise over its previous close of 42.51. The rupee opened at 42.53/55, a tad stronger than its previousclose of 42.56, and quoted in a 5 paise band throughout the day. "Demand for the greenback was next to nothing," dealers said.

Silver, gold prices decline: Prices of both silver and gold reacted on Friday on weak overseas advices coupled with good arrivals. Ready silver (.999) and tenderable silver dropped by Rs 25 each to close at Rs 7,975 and Rs 7,980. Standard gold and 22-carat gold fell by Rs 15 each to close at Rs 4,280 and Rs 3,960.

Cotton down on poor demand: Cotton ended down on Friday on light mill buying and higher crop prospects, dealers said. Expectations of a higher crop in 1997/98 (October-September) prompted selling by traders and stockists, they said. In spot deals, Bengal-deshi fell by Rs 10/15 to Rs 1,610/1,665 per maund.