The Financial Express -- Markets

Tuesday, June 24 1997

SEBI tightens noose around MFs

In the wake of the CRB Mutual Fund fiasco, the Securities and Exchange Board of India has tightened the noose around the mutual funds by asking them to furnish all the compliance reports by June 30.

30 PSE brokers likely to opt for BOLT

The Pune Stock Exchange, which has sent a draft MoU to BSE for the implementation of BOLT, is confident that 30 PSE brokers will eventually opt for the facility although at present only 17 have applied.

India Debt Fund closes tomorrow, seen mopping up $100 mn

Nomura Securities, London has extended the closing date for India Debt Fund (IDF) to June 25. The fund, India's first overseas debt fund floated by the Unit Trust of India, was expected to close on Monday.

Market Round-up

Dollar perks up against yen

SEBI wakes up

Bunds remain steady

Consolidation is the order of the day

Darjeeling tea loses flavour, jute declines

It is time to exit long positions

Gold continue to plunge; sugar moves up

Scrips react on levy of excise duty on MRP

Traders choice -- For medium to long term investment

Strong dollar, low demand push gold down in London

OTCEI plans separate index for permitted segment

Depository strikes it rich with ICICI

Tokyo bonds seen drifting lower