The Saurashtra Kutch Stock Exchange on Tuesday linked five terminals with BSE's BOLT system. A memorandum of understanding had already been signed by the two exchanges. The exchange will add three more terminals on June 1 and another 20 to 25 in the next two months, SKSE president Sunil Shah said.

BSE to impose circuit filters on cross deals: BSE has decided to impose circuit filters on cross deals, special negotiated deals, bulk deals and odd-lot deals in the form of 50 per cent over and above the normal circuit filters. The relaxed circuit filters in the above segments has been put in place with effect from May 25.

DSE slaps special margin on BPL shares:

The Delhi Stock Exchange on Tuesday imposed a special margin of 15 per cent on all purchases made in BPL shares in a bid to check excess speculation. BPL's shares have been on a steady upward march on buying by bulls and other interested parties, touching the upper end of the circuit filter at Rs362.90 on the DSE on Tuesday.

Archies hits new high on rumours:

Archies Greetings & Gifts is on the move once again. After good results, rumours of Archies' technical collaborator, American Greetings, picking up a stake in the company has propelled Archies' stock to a new high. Although the company's managing director, Anil Mulchandani, denied any such move, the market is agog with rumours that American Greetings is likely to pick up a 7-10 per cent stake.

Sundaram MF rationalising holding in schemes:

Sundaram Mutual Fund has embarked upon the rationalisation of a number of holdings in both its equity funds, Sundaram Growth Fund and Sundaram Tax Saver. Both the funds were launched in early 1997 and have completed one year in existence. The asset management company also plans to make the growth fund an open-ended one.

Plantation firms refuse to refund deposits:

A few plantation companies have stated their inability to refund the money invested by investors in their schemeson the plea that the Sebi diktat prohibits them from raising fresh funds till they get their schemes rated, and this in turn has made it difficult for them to refund deposits. Instead, investors are now being told that there monies have been invested in other schemes.

Jardine Fleming India Fund corpus up 18.6%:

Jardine Fleming India Fund's corpus grew 18.62 per cent to $91.43 million in the year to November 30, 1997, from $77.12 million in the previous year. The Sensex rose 23.2 per cent in rupee terms and 14 per cent in dollar terms during the period.

No offer documents filed with Sebi:

Sebi has not received any offer documents in the week to May 22. A release said the regulator communicated its observations on three rights issues amounting to Rs 35.52 crore.

DSP ML Bond Fund payout at 12%:

DSP Merrill Lynch Mutual Fund has declared a 12 per cent dividend for DSP ML Bond Fund (dividend plan) for the period April 15, 1997 to March 31, 1998. The net asset value of the fundhas grown from Rs 10 on April 15, 1997 to Rs 11.37 on March 31, 1998. The annualised yield for the scheme since inception to March 31, 1998 works out to 14.29 per cent. Dividend will be paid to those unitholders whose names appear in the register as on June 4, 1998.

Nifty loses 18.5 points:

Equities declined sharply on the NSE on Tuesday following speculative selling pressure on the last day of the current trading cycle. The NSE-50 (Nifty) Index fell by 18.50 points to 1,104.45 points. The Mid-cap Index reported a loss of 21.55 points to 1,632.10 points. The total turnover on the exchange stood at Rs 1,637.50 crore.

MSE Index drops 39 points:

Select scrips moved in a narrow range on the Madras Stock Exchange on Tuesday. Pivotals like Hindustan Lever, Reliance and Ashok Leyland took a backseat in the absence of buying support. The MSE Index settled at 4,266.78, losing 38.63 points. Hectic activity was witnessed in Satyam Computer, Software Solution, DSQ Software and ITC.

Listlesstrading at OTCEI:

Trading at the OTCEI was dull and listless in the absence of both buyers and sellers. The OTCEI Composite Index showed no movement and closed at its previous day's level of 114.58.Skindia Index rules firm: The Skindia GDR Index ruled steady at 864.25 on May 22 against its previous close. The Skindia GDR index p/e increased by 0.84 per cent to 20.03 on May 22 compared with 19.87 on May 21. The top losers were VSNL, GE Shipping and Hindalco which lost 4.10, 3.20 and 2.94 per cent, respectively.

Call rates end at 6.25%:

The overnight call money rates moved in a narrow range on Tuesday. They opened at 6.25-7 per cent, little changed from their previous close of 6.25-6.75 per cent. They finally closed at 6-6.25 per cent. Most deals were struck at 6.50-7 per cent, dealers said. Rupee weakens further: The rupee continued to be under pressure against the dollar on Tuesday and ended 17 paise lower than its previous close. The rupee opened at 41.05 and good corporate interest saw ittrade at 41.10/13 levels.

The State Bank of India did not sell dollars, unlike Monday when the rupee hit its historic low of 41.18. "The rupee ended lower than its previous close of 40.97 with the State Bank refraining from selling dollars," dealers said.

Silver weakens, gold improves:

A mixed trend prevailed at bullion market on Tuesday. Silver of .999 fineness softened by Rs 20 to close at Rs 7,730. Gold standard mint and 22 carat improved by Rs 5 each to Rs 4,185 and Rs 3,870 per 10 gm.

Groundnut oil prices move up:

Groundnut oil prices ruled firm on Tuesday. Groundnut oil jumped by Rs 4 to Rs 429. Palmoil lost Rs 3 to close at Rs 379. Groundnut ready bold ended unchanged at Rs 1,980. In futures, castorseeds June contract closed higher at Rs 1,296 on hopes of fresh export enquires. Cotton prices end little changed: A steady trend prevailed at the cotton market on Tuesday with scattered demand for Sankar-4, 797, Y-1, Mech, Wagad and G-12. About 3,500 bales changed hands onTuesday. Bengal deshi quoted at Rs 1,605/1,610.