The net FII inflow in the week to April 3 stood at $24.7 million or Rs 91.8 crore, according to a release issued by Sebi. During the period under review, gross purchases by FIIs in the equity market stood at Rs 288 crore while gross sales were Rs 196 crore. However, the performance of the debt market was been rather disappointing which saw a net outflow of Rs 16.8 crore.

Sebi issues showcause notice to 6 plantation firms

SEBI has issued a showcause notice to six entities which have launched collective investment schemes, asking them why action should not be taken against them for failing to comply with the directions issued by it. These entities have failed to co-operate with Sebi-appointed auditors and not produced the relevant books of accounts and other documents required for the purpose of audit.

HCL Office Automation scrip spurts

A 400 per cent rise in less than a month is a dream come true for any investor. For HCL OfficeAutomation's shareholders, the phenomenal appreciation in the value of their investments is beyond their wildest imagination as the illiquid scrip had been languishing below par since 1996.

Punters feed Peerless counter

The Peerless Shipping scrip is on a high. In just one month, the scrip has moved up by 160 per cent on the BSE. The bull run began when the scrip was trading at its 52-week low of Rs 5.80. Since then, the scrip has catapulted to Rs 15.30. The rise in price has been accompanied by spurt in volumes.

Funds can sell in physical mode

BSE on Tuesday convened a meeting of Sebi and NSDL to clarify certain queries raised by institutional operators in the wake of the implementation of the April 6 diktat. Accordingly, BSE has intimated the brokers that institutional players are allowed to sell the 8 dematerialised scrips (BoI, SBI, IPCL, ICICI, IDBI, L&T, Reliance, SBI and Tisco) in the physical mode provided the delivery thereof is settled in the demat mode.

CMC unveilssoftware for BSE depository

CMC, the state-owned information technology company, on Tuesday unveiled the first indigenously developed depository software for BSE. Called the Central Depository Accounting Software (CDAS), it would allow for wider usage of the depository's services. "The Unix-based CDAS software will allow BSE to deliver on its promise of a cheaper, more accessible depository," CMD RP Jhunjhunwala said in a statement.

Dealings in Bhagwati Cottons

The equity shares of Bhagwati Cottons will be admitted for dealings in the non-specified category of the BSE from April 8 in market lots of 100 shares.

Herdillia Polymers changes name

The following companies have intimated the BSE about the change in their names: Triveni Sheet Glass Works to Triveni Glass, Herdillia Polymers to Maharashtra Polybutenes, Transasia Carpets to Birla Transasia Carpets, SR Hari Ram Synthetics to SRH Synthetics and Sri Vasavi Steel Industries to Sri Vasavi Industries.

BSE shuffles settlementdate for demat segment

BSE has decided to settle trades transacted in its demat segment on April 7, 8 and 10 on April 20 in view of three consecutive holidays beginning April 8. The auctions pertaining to the three settlements would be conducted on April 21.

BSE on Sterlite margin

BSE has clarified that the special margin of Rs 130 imposed on the Sterlite share is applicable on fresh purchase positions created in the counter for the settlement ended April 10, and not on purchase positions carried forward from the previous settlement which ended on April 3. However, for the settlement beginning April 13, the special margin will be payable on purchase positions carried forward from the settlement ended April 10. The carry-over margin of 20 per cent would continue unchanged.

Margin on Videocon Intl shares

BSE has decided to impose a special margin of Rs 24 on the equity shares of Videocon International from April 7. The margin will be imposed on the net purchases made in the scrip ona day-to-day basis for the settlement ended April 10. The exchange has also decided to increase the carryforward margin from the current 10 per cent to 20 per cent for the period under consideration. However, with effect from April 13, the special margin will be payable on the purchase positions carried forward from the settlement ended April 10 and settlement beginning April 13.

DSE Index up 13 points

Sizeable purchases by foreign funds and domestic speculators lifted the DSE Benchmark Index over 900 points on Tuesday following a sharp rally in blue chip counters. Brokers said the current bull run in the market was mainly attributed to hopes that the finance minister would come out with a market-friendly budget in the next two months. The Index gained 12.59 points to close at 904.00 points.

MSE Index slips 11 points

A steady trend prevailed on the Madras Stock Exchange on Tuesday. The MSE Share Price Index slid by 11.44 points to close at 4,309.37 points. ACC improved by Rs 8.85 to Rs1,606.65, SBI by Rs 7.60 to Rs 300.20 and ITC by Rs 4.35 to Rs 783.65. L&T declined by Rs 2.35 to Rs 259.50, Telco by Rs 9.20 to Rs 310.50 and Tisco by Rs 2.45 to Rs 164.55.

Skindia Index rises 1.84%:

The Skindia GDR Index moved up by 1.84 per cent from 978.72 to 996.73 on April 6. The Skindia GDR Index p/e ratio was 22.05 on April 6 compared with 21.72 on March 3. The top gainers were Wockhardt, Tata Electric and SAIL which quoted at $6.38 ($5.00), $290.00 ($255.00) and $5.00 ($4.50) respectively.

HK stocks close flat

Hong Kong stocks closed largely unchanged on Tuesday with little news to trade on and with many investors on holiday, brokers said. The Hang Seng Index dropped 3.25 points, or 0.03 per cent, to end at 11,049.43.

Call rate ends at 5.75%

The call money rates ruled at 6 per cent on Tuesday. The call rates opened at 7-7.25 per cent compared with their previous close of 6.5-6.75 per cent. "They eased to 6-6.5 per cent in the afternoon to close at 5.50-5.75 per cent,"a dealer said.

Sugar gains on retail purchases

Sugar prices rose on the local market on Tuesday on fresh demand by retailers and steady consumer buying, dealers said. In ready delivery, sugar S-30 gained Rs 5 to Rs 1,435/1,460 per quintal while M-30 was up Rs 5 to Rs 1,470/1,520 per quintal. The Bombay sugar market will remain closed on Wednesday due to agitation by traders against levy of four per cent sales tax on imported sugar by the state government.

Metal prices end steady

Metal prices were little changed on the non-ferrous metals market on Tuesday due to scattered trades ahead of the forthcoming holidays, dealers said. Copper scrap heavy ended at Rs 108.00, brass scrap at Rs 84.50, aluminium scrap at Rs 62.00, lead at Rs 71.00, zinc at Rs 41.00 and tin at Rs 343.00.