Market operations panel defines scrip valuation: The market operations committee has defined the equivalent value of a scrip for the purpose of calculation of corporate benefits in case the scrip falls under no delivery period on the date of rectification, that is the 21st day. The panel has decided to take the closing price of the scrip on the last date of the settlement prior to the settlement in which the rectification is permitted as the equivalent price.

Canbank MF meet on April 24: Canbank Mutual Fund hascalled a meeting on April 24 to consider the accounts for its schemes-Can Bonus, Canexpo, Canpep 93, Canpep'94, Canstar-Capital Gains, Canstar 80-L, Cantriple, Canpep 95.

LIC sells 14.06 lakh Wimco shares: LIC has sold 14.06 lakh equity shares of Wimco constituting 4.71 per cent of the paid up capital of the company at a rate of Rs 35 per share to Plash Food, AVP Trading and Swedish Match Singapore in terms of their open offer to acquire the company.

Nifty gains 5 points: In brisk activity, prices of select scrips flared up on the last day of the current settlement at the National Stock Exchange on Tuesday. The NSE-50 index opened better at 1207.20 and rose further to 1218.95, before closing at 1212.75, showing a fresh gain of 5.60 points over the last close of 1207.15. The market witnessed a total turnover Rs 1,615.79 crore from 723.96 lakh shares in 2,40,335 trades.

Scrips steady at MSE: Select scrips improved to close with modest gains at the Madras Stock Exchange on Tuesdaywhile few counters declined. A good number of scrips ruled steady. The MSE share price index moved to 4322.28 from Monday's close of 4306.60 points. ITC recovered by Rs 8.60 to Rs 781.65, Reliance added Rs 2.60 to Rs 200.15. SBI rose by Rs 4.35 to Rs 299.75 and Corporation Bank improved by Rs 11.20 to Rs 154.70.

Share prices recover on BgSE: Share prices recovered on Tuesday at the Bangalore Stock Exchange (BgSE). According to marketmen there was good buying in scrips like ITC. The turnover on the bourse stood at Rs 27.37 crore. ITC opened the day at Rs 775.85 and soared to Rs 792.90 at close while Tisco was marginally lower at Rs 163 (Rs 163.90). Satyam Computers saw more gains today to close at Rs 518.25 (Rs 496.60). Reliance and SBI were better at Rs 201.90 (Rs 199.85) and Rs 302.80 (Rs 298.45).

Seoul scrips end higher: Seoul stocks closed slightly higher on Tuesday as late buying of some blue chips more than compensated for early weakness, caused by concerns about labour instability,brokers said. The Korea Stock Exchange composite index closed 3.48 points higher at 439.21. Blue chip buying strengthened after Standard and Poor's (S&P) said on Monday it had revised to positive from negative its Credit Watch implications on the single "B"-plus long-term ratings of Samsung Electronics.

Singapore shares mixed at noon: Singapore shares were mixed at the noon on Tuesday with a mini-rally seen in second line electronic stocks, dealers said. "It is all in the electronics sector," a dealer with a local brokerage said. "The punting mood is back. Nothing has changed for thesector. There is some speculative buying of laggard stocks in the sector but the larger companies like Venture and Elec & Eltek are not moving," David Toh technology analyst at ING Baring Securities said.

Rupee steady: The rupee remained nearly steady against the dollar on Tuesday. The dollar opened at 39.65/67 and went up gradually upto 39.70/71 due to moderate demand in the first session from the corporatesectors and some banks. But later came down to 39.68/70 at the fag end on slack demand from corporate sectors and the absence of market player the SBI, leading forex dealers said.

Gold, silver dip: Prices of silver reacted by Rs 54 per kg at the bullion market on Tuesday due to fall in the international prices along with fresh arrivals. Gold also turned weak on poor seasonal demand. Ready silver of .999 fineness dropped by Rs 54 to close at Rs 8,780 as against the last close of Rs 8,834. Raw silver of .916 fineness and tenderable silver also declined to Rs 8,665 and Rs 8,785 respectively. Standard gold, after a weak start, closed at Rs 4,200, revealing a moderate fall of Rs 10 over the last close of Rs 4,210 while 22-carat gold was nominally quoted lower at Rs 3,885 from Rs 3,895.