Anubhav resumes teak scheme with non-investment grade: Unfazed by non-investment grade rating, city-based Anubhav Plantations has resumed mobilising investments for its teak scheme after over five months, while its competitor Sterling Tree Magnum (STM) is yet to restart the schemes for want of a rating. Anubhav officials said the company had begun raising funds for its Rs 50 crore `teak farm' collective investment scheme, which had received a DCR IND 4 (CIS) rating from Duff & Phelps Credit Rating India Pvt Ltd. The rating indicates the ability to meet obligations to investors on time could be considered `unsatisfactory.'

S&P CNX Nifty loses 17 points: Share prices declined further atthe NSE on Monday on renewed offerings by operators ahead of the last day of the settlement. The S&P CNX Nifty Index settled at 878.75 points, down 16.80 points from the previous close. The CNX Mid-cap 200 Index improved by 0.16 point to 523.10 points. The total turnover on the exchange stood at Rs 996.86 crore.

MSE Index drops 15 points: Equities weakened further on the Madras Stock Exchange on Monday. The MSE Index slipped by 15.07 points from its previous close to end at 3,502.91 points. ITC declined by Rs 16.65 to Rs 581.65, Reliance by Rs 2.50 to Rs 128.50 and SBI by Rs 6 to Rs 198.80. Gainers included Satyam Computers which moved up by Rs 2.85 to Rs 487.25, Dr Reddy's Labs by Rs 25 to Rs 565 and Software Solution by Rs 26 to Rs 404.

DSE shares end down: AIADMK's decision to review its support to the BJP-led coalition government coupled with problems posed by Akali Dal over the inclusion of Udham Singh Nagar in the proposed Uttranchal state took their toll on shares prices at the DelhiStock Exchange on Monday. The DSE Index fell by 10.62 points to close at 683.38 points.

BgSE stocks fall: Share prices declined on Monday at the Bangalore Stock Exchange (BgSE). According to marketmen there was heavy selling most of the counters. The turnover on the bourse stood at Rs 16.54 crore. ITC fell to Rs 580.90 from an opening of Rs 588.95 while Karnataka Bank was unchanged at Rs 68.75. Satyam Computers saw a reversal of fortunes on Monday at Rs 487.45, lower compared to an opening price of Rs 492.80. Reliance, SBI, Tisco and L&T were down to Rs 127 (Rs 130), Rs 199 (Rs 201.50), Rs 99.25 (Rs 100) and Rs 187.50 (Rs 192.50).

Skindia Index loses 1.22%: The Skindia GDR Index dropped by 1.22 per cent from 628.65 to 620.95 on August 7. The Skindia GDR Index p/e ratio was 14.25 on August 7 compared with 14.40 on August 6. The top gainers were Raymond Woollen, Reliance and Bombay Dyeing which quoted at $2.85 ($2.45), $6.40 ($6.00) and $1.60 ($1.55) respectively. Losers included CenturyTextiles, Crompton Greaves and Mahindra & Mahindra.

Tokyo falls 1.3 per cent with banks under pressure: Japanese share prices fell 1.3 per cent on Monday on sustained weakness in leading banking stocks and a further weakening of the yen, brokers said. Investors remained concerned over the reorganisation of the financial sector and the continuing downturn in Asian markets, brokers said. But trading was modest with many investors out of the market for mid-summer holidays. The Nikkei-225 fell 202.75 points to finish at 15,626.42 for the sixth straight daily loss. The Topix index of all issues on the first section of the Tokyo Stock Exchange was down 18.21 points at 1,207.09. Turnover on the major board totalled an estimated 350 million shares against 370.03 million shares traded on Friday.

HK stocks close slightly above key 7,000 level: Hong Kong stocks closed marginally higher on Monday, holding above the key 7,000 level as the speculative attack on the Hong Kong dollar ended. The Hang SengIndex ended up 16.21 points at 7,034.62 points on turnover of HK$ 3.4 billion (US$ 439 million). The index dipped briefly below the key 7,000 support level in mid-morning trading to a near five-year low, but recovered by the lunchbreak. Dealers said there was some selective buying interest after last week's hefty losses, but they added sentiment remained fragile.

European shares cautious amid fresh Japanese weakness: European equities markets showed a cautious start to the week early on Monday, after renewed weakness set in to Japan, casting aside a modest upturn on Wall Street late last week, dealers said. In London, the FT-SE 100 index of leading shares fell by 58.5 points to 5,621.9 points. And in Paris, the CAC 40 index opened 26.53 points lower at 4,015.35 points. Meanwhile, the Frankfurt market posted very slight gains, opening at 5, 600.27 points, which was 1.95 points higher than at Friday's close.

Call rates end at 6%: The call money market stayed fairly easy on Monday owing toample liquidity in the system amidst slack demand for funds. The overnight rates opened at six to 6.10 per cent. The rates eased to 5.75 to six per cent at the close of trades owing to scaled-down demand for funds as most banks had earlier covered their positions. The market ended on a squarish note, dealers said.

Rupee weakens vs dollar: The rupee weakened to its intra-day low of 42.70 on Monday on renewed corporate demand for the dollar and international rating agency Duff and Phelps decision to downgrade India's foreign currency rating. The Indian currency opened at 42.63/66, marginally weaker than its previous close of 42.61/63, and closed at 42.66/68.

Silver, gold prices rise: Silver and gold prices gained ground on Monday following higher overseas advises coupled with good local buying. Ready silver (.999) and tenderable silver rose by Rs 20 each to close at Rs 8,045 and Rs 8,050. Standard gold and 22-carat gold gained Rs 10 each to end at Rs 4,205 and Rs 3,890,respectively.

Linseed oil prices up: Linseed oil prices rallied on the oilseeds market on Monday due to heavy demand. Linseed oil shot up by Rs 15 to close at Rs 445 on heavy offtake by the paint industry. Linseed bold, however, remained steady at Rs 1,550.