BSE asks companies to report quarterly results: BSE on Tuesday said all listed companies must make public financial results on a quarterly basis within one month of the expiry of the period and submit a copy of the same to the exchange effective from the quarter ended June 1998. Following Sebi's decision to make the publication of quarterly financial results a continuous disclosure requirement, BSE said listed companies should release quarterly statements even if the previous results were not available during the intervening period.

BSE to include Nicholas Piramal in200 index: BSE's index committee has decided to include Nicholas Piramal in the BSE-200 Index composition, in order to fill the vacancy caused by the merger of Videocon Narmada with Videocon International. The committee has also decided to replace Pond's India in the BSE-100 index and BSE-200 index with Bank of India as Pond's India will soon amalgamate with Hindustan Lever. The changes will take effect from August 10, a BSE release said.

Elections at CSE today: Voting for the election of committee members of the Calcutta Stock Exchange will take place on Wednesday. A total of six candidates have filed their nominations for three posts. The stock exchange has recently appointed HDFC Bank as the third clearing house besides Canara Bank and United Bank of India.

Grade V rating for Endowment Agro Projects: The collective investment scheme of Endowment Agro Projects (India) Ltd has been assigned a `Grade-V' rating by Crisil. The rating indicates high uncertainty over the ability of thescheme to provide assured returns in the form of produce and/or cash.

Prudential ICICI Income plan reopens: Prudential ICICI Income Plan, one of the three open-ended funds launched by Prudential ICICI Asset Management Company in May, on Tuesday reopened for subscription and repurchase. This follows the opening of the mutual fund's Liquid Plan on June 29. The third scheme, P-ICICI Growth Plan, will reopen on July 15, according to release.

Nifty up 3 points: Pivotals made a marginal recovery on the NSE on Tuesday following select buying by foreign funds. The NSE-50 Index moved up by 3 points to close at 967.35 points. The Nifty Junior (Mid-cap) index rose by 7.80 points to close at 1,429.35 points. The total turnover on the exchange stood at Rs 1,229.78 crore. Meanwhile, NSE has suspended dealings in the equity shares of Western India Industries with effect from July 22, 1998.

CSE turnover shrinks: In the absence of fresh incentives, there was little inclination on the part ofoperators to hold larger commitments which saw the turnover fall considerably on the Calcutta Stock Exchange on Tuesday. The 40-share CSE Index fluctuated between 1,902.64 points and 1,880.59 points before closing at 1,889.78 points.

DSE shares end higher: Stocks staged a quick comeback to close higher on the Delhi Stock Exchange on Tuesday following fresh buying by speculators and select foreign investors after witnessing a technical correction on Monday. Marketmen said hopes that the US may ease economic sanctions imposed against India triggered a buying spree. The US has already dropped curbs on agro exports. The DSE Index recovered by 12.12 points to close at 742.08 points.

MSE Index ends little unchanged: Equities moved in a narrow groove on the Madras Stock Exchange on Tuesday. The MSE Index moved up fractionally by 0.12 point to close at 3,733.61 points. L&T improved by Rs 4.25 to Rs 234.25 while Reliance dipped by Rs 2.65 to Rs 146.90. ITC was a shade higher at Rs 685.35. SatyamComputer was up Rs 25.20 to Rs 481.45.

Debt market turnover at Rs 445 cr: The wholesale debt market of the NSE witnessed trading worth Rs 445.02 crore. The 13.65 per cent government loan maturing in 1999 was traded for Rs 70 crore at a weighted yield of 9.60 per cent. The 11.55 per cent government loan maturing in 2001 was traded for Rs 40 crore at a weighted yield of 11.46 per cent.

Skindia Index loses 1.8%: The Skindia GDR Index dropped by 1.80 per cent from 717.96 to 705.03 on July 13. The Skindia GDR Index p/e ratio was 16.45 on July 13 compared with 16.62 on July 10. The top gainers were Crompton Greaves, Ashok Leyland and Indian Hotels which quoted at $0.95 ($0.85), $2.40 ($2.20) and $8.30 ($8.00) respectively. Losers included MTNL, ITC and VSNL.

HK stocks close firmer: Hong Kong stocks closed higher on Tuesday, echoing stronger markets in Japan, but most investors sat on their hands awaiting fresh news on the Japanese yen and the local property market, brokers said. The HangSeng Index added 79.73 points, or 0.98 per cent, to end at 8,178.93. Turnover shrank to a quiet HK $2.70 billion.

Call rates end at 5.5%: The overnight rates opened at 5.75-6.00 per cent on Tuesday, compared with their previous close of 5.00-5.50 per cent. The rates moved in a narrow range throughout the day and finally closed at 5.00-5.50 per cent. According to market dealers, the call rates are ruling easy as there is adequate liquidity in the market.

Rupee weakens vs dollar: The rupee opened weaker at 42.61/64 against the dollar on Tuesday compared with its previous close of 42.58/60. Corporate demand for the dollar towards the close of trades saw the rupee close at 42.61/64.

Gold, silver prices recover: Gold and silver prices recovered on Tuesday due following higher overseas advices coupled with fresh bouts of local buying. Standard gold ended at Rs 4,270, up Rs 30 over the last close. 22-carat gold improved by Rs 30 to end at Rs 3,950. Ready silver (.999) recovered by Rs 20 toclose at Rs 8,000.

Sugar prices slide: Sugar prices reacted sharply on Tuesday following poor offtake amidst increased supply, dealers said. Small quality sugar S-30 declined by Rs 5/7 per quintal to Rs 1,460/1,488.