SEBI has permitted the BSE to expand its BOLT net to Indore. This is the sixth stock exchange after Pune, Calcutta, Rajkot, Ahmedabad and Vadodara to have a link-up with the BOLT net. BSE had earlier entered into a MoU with the Madhya Pradesh Stock Exchange to expand its trading terminals via V-Sat to Indore, a SEBI release said on Thursday.

DSE, ASE to hold budget sessions: The Delhi Stock Exchange will be holding a special budget trading session on June 1 to gauge the impact of the budgetary proposals on the stock markets. The regular trading session will be held between 9.20 am to 3.05 pm and the special session will be conducted from 6.00 pm to 8.05 pm. The Ahmedabad Stock Exchange will hold its pre-budget session from 9.30 am to 3.15 pm. The post-budget session will be conducted between 6.00 pm and 8.15 pm.

LIC MF declares dividend for schemes: LIC Mutual Fund has declared a dividend of 10 per cent for Dhanaraksha '89, 10 per cent forDhanasahayog, 15 per cent for Shan 80CCB (2), 12 per cent for Dhanavriddhi '89 and 13 per cent for Dhanshree '91.

Change in accounting year: The following companies have decided to change their accounting year: Indian Organic Chemicals (September 30, 1997 to March 31, 1998), Marjarrasha Housing Finance (June 30, 1997 to September 30, 1998), GCCL Infrastructure & Projects (June 30, 1997 to March 31, 1998), Shreyas Shipping (March 31, 1997 to September 30, 1998), Pasupati Fabrics (September 30, 1996 to March 31, 1998) and Parentaral Drugs (India) (November 30, 1996 to May 31, 1998).

Accounting year changes: The following companies have decided to change their accounting year: Orient Press (March 31, 1997 to September 30, 1998), Shilpax Laboratories (March 31, 1997 to September 30, 1998), Paam Pharmaceuticals (Delhi) (March 31, 1997 to September 30, 1998), BPL Refrigeration (March 31, 1997 to September 30, 1998), EL Forge (April 30, 1997 to July 31, 1998), Henkel Spic India (March 31, 1997 toJune 30, 1998), Ballarpur Industries (March 31, 1997 to June 30, 1998) and Trans Medica (India) (June 30, 1997 to March 31, 1998).

CSE shares lose ground: Share prices continued to slide on the Calcutta Stock Exchange on Friday, the first day of the new settlement. A few scrips, however, recovered on late buying by operators on account of the concessions announced by the railway minister in freight rates in respect of select items. A strong support was in evidence for some of the steel and cement companies with Tisco recovering to Rs 151.60 and ACC to Rs 1,705.

MSE Index down 3 points: Barring software scrips, shares fluctuated on the Madras Stock Exchange on Friday. The MSE Share Price Index lost 2.87 points to settle at 4,156.97. ACC slumped to Rs 1,671.65 from Rs 1,714. ITC settled at Rs 694, down Rs 21.15. L&T dropped by Rs 7.35 to Rs 252.65, Global Trust Bank by Rs 2.90 to Rs 243.15, Software Solution by Rs 3.55 to Rs 387.10 and Videocon Appliances by Rs 3.50 to Rs 53.

SkindiaIndex down 0.80%: The Skindia GDR Index dropped by 0.80 per cent from 751.16 to 757.19 on May 28. The Skindia GDR Index p/e ratio was 17.36 on May 28, compared with 17.03 on May 27. he top gainers were MTNL, ITC and ICICI which quoted at $13.25 ($12.65), $19.00 ($18.25) and $13.65 ($13.20). Losers included IPCL, Arvind Mills and Grasim.

Jakarta stocks end up: Jakarta stocks ended firmer on Friday, with the resignation of one of Suharto's sons as president-director of Bimantara easing pressure on firms controlled by the former first family, brokers said. The Composite Index ended 6.25 points or 1.51 per cent firmer at 420.47 on an estimated total turnover of 353 billion rupiah.

Call rates end at 6.25%: The overnight call money rates remained easy on Friday. The rates opened at 6.50-7.00 per cent, as against their previous close of 6.00-6.10 per cent. However, they weakened in the afternoon and ruled at 6.25-6.75 per cent for most part of the day. They finally closed at 6.00-6.25 per cent,dealers said. The market was easy due to adequate liquidity in the system, dealers said.

Rupee weakens further vs dollar: The rupee opened at 41.45/75 on Friday, compared with its previous close of 41.35/40, and weakened to trade at 41.45/50 immediately on speculative buying by banks. Nervousness gripped the market as banks reacted in a knee-jerk manner to Pakistan's nuclear tests on Thursday. The rupee closed at 41.65/70.

Silver slips, gold firms up: Silver witnessed fresh buying on Friday, paring gains made on Thursday. Silver of .999 fineness and tenderable silver dropped by Rs 75 each to end at Rs 7,445 and Rs 7,450, respectively. Standard gold firmed up by Rs 25 to Rs 4,185. 22-carat gold improved by Rs 20 to Rs 3,870.