UTI discloses UGS 10000 portfolio: The Unit Trust of India (UTI) has disclosed the portfolio of UGS 10000 as on December 2, 1998. The portfolio consists of Ponds India, ITC, Glaxo Laboratories, Nestle India, Smithkline Consumer Healthcare, Pfizer Ltd, HLL, NIIT, P&G, Indian Shaving Products, Hoechst Marion Russel, Thomas Cook, Castrol India, BASF, Fulford India, Reckitt & Coleman, Siemens India, Otis Elevators, Bata, MICO,Smithkline Pharma, Bausch & Lomb, Cummins India, Carrier Aircon, Whirlpool of India, ABB, Modi Zerox and Parke Davis which make up 100 per cent in terms of the market value of equity investments. The cash component of the portfolio is 3.45 per cent of the corpus.

Repeat of January 16 unlikely, say MFs: Debt fund managers, across the board say that any move by the RBI to tighten the money market, as was witnessed during January 16, 1998 is unlikely to happen in January 1999. ``The RBI squeezes liquidity when inflation is rising or there is pressure on rupee. At present, there is no pressure on the rupee and the inflation is actually falling. In January 1998, the rupee plummeted and RBI had to intervene to prevent its fall which was due to speculative pressure. RBI stepped in and squeezed liquidity which we we do not see happening in January 1999,'' says a fund manager.

Kothari Pension Plan declares interim dividend: Kothari Pioneer Pension Plan, the first pension scheme in the private sector,has declared an interim dividend of Rs 1.20 for 1998-99. All investors under the dividend option as on December 14, 1998, are eligible for the payout. With an average annualised return of 15.90 per cent as on November 30, 1998 under the dividend option, it has been able to maintain yields despite "prevailing low rates from similar high quality fixed income assets", says Vivek Reddy, chief executive of Kothari Pioneer AMC.

ICICI introduces any-time facility for Safety Bonds in Hyderabad: ICICI has launched its any-time facility in Hyderabad to enable investors to park their surplus funds in ICICI bonds, throughout the year. Hyderabad, which has consistently ranked among the top five cities in terms of funds mobilised under the ICICI Safety Bonds scheme, has been selected for this facility after Mumbai and Delhi. Accordingly, ICICI would make available select options of ICICI Safety Bonds to investors all year around and also allows an investor to access his savings in select bonds in anemergency.

DSE sentiment remain bullish on institutional buying: Steady inflow of buying by domestic as well as foreign funds pushed share prices to close higher for the second consecutive session on the Delhi Stock Exchange on Tuesday. The benchmark index ended 4.61 points higher at 646.44 points after moving in the range of 639.30 and 646.48 points. Stock brokers said expectations that the insurance sector will certainly be opened up for foreign companies was the main factor behind rising trend in stock prices for the past two trading sessions.

Select stocks move up on CSE: Hectic support pushed select shares higher sharply on Tuesday on the Calcutta Stock Exchange highlighting the day's proceedings. Sentiment received a boost in the wake of higher up-country advices with disposition of bull operators to make further new commitments providing an added impetus. The trading turnover was higher and the undertone was steadier. Reflecting the rise in prices, the CSE's 40-share index closedhigher at 1629.02 points after fluctuating between 1638.12 points and 1623.44 points earlier.

MSE closes mixed: Equities moved both ways and settled with marginal gains or losses on balance. The MSE index edged down by 1.23 points to close at 3252.83 against Monday's level of 3254.06 points.

Blue chips edge ahead on NYSE on calm trading day: Blue chip stocks edged up 54.33 points on a calm trading day in New York on Monday. The Dow Jones Industrial Average, was up 0.60 per cent at 9,070.47 points at close of trading. The electronic Nasdaq market hit record levels, rising 37.48 points (1.87 per cent) to 2,040.64 points. The S&P 500 rose 10.96 points (+0.93 per cent) at 1.187,70 points. The Nasdaq was boosted by Microsoft shares, which rose following a decision by the state of South Carolina to withdraw from the US Justice Department's anti-trust case against the software giant.

Tokyo stocks close 0.6 per cent higher: Japanese stocks closed inactive trading 0.6 per cent higher onTuesday supported by buying by public funds ahead of the settlement of the December futures contract on Friday, brokers said. They were also boosted from buying in selected international blue chips and high-technology leaders, following gains in counterparts on Wall Street the previous day, they said. The 225-issue Nikkei average of the Tokyo Stock Exchange rose 84.71 points to end At 14,808.20, off a high of 14,916.09 points.

New Zealand stocks up on Telecom gains: New Zealand stocks closed 0.4 per cent firmer on Tuesday as small gains for market leader Telecom Corp compensated for a fall in commodity stocks, dealers said. On a turnover of 84.9 million NZ dollars ($ 44.7 million) the NZSE-40 index closed up 7.65 points to 1912.75.

Philippine shares close 1% down in volatile trading: Philippine share prices fell 1 per cent on Tuesday in volatile trading, with many investors opting to take profit on any slight upward movement, analysts said. The Philippine Stock Exchange composite indexinched down 18.51 points at 1,815.85.

HK closes marginally lower: Hong Kong share prices closed 0.7 per cent lower on Tuesday in thin trade after surging 4.67 per cent the previous day on rate cuts here and China, dealers said. The key Hang Seng index dropped 77.74 points to close at 10,351.08.

Taiwan share prices down 1.2%: Taiwan share prices closed 1.2 per cent lower on Tuesday as investors locked in profits, dealers said. Taiwan Stock Exchange weighted price index fell 90.66 points to 7,212.68.