Sebi receives 2 offer documents: Sebi has received two offer documents in the week to July 10 amounting to a total of Rs 88.37 crore. This includes the public issue of equity shares of UTI Bank and the rights issue of optionally convertible cumulative preference shares of Mangalam Cements amounting to Rs 73.50 crore and Rs 14.86 crore, respectively.

ABG Heavy Industries board meet: The board of directors of ABG Heavy Industries will meet on July 31 take on record the unaudited results for the quarter ended June30.

Suashish Diamonds board meet on July 31: The board of directors of Suashish Diamonds Ltd will meet on July 31 to take on record the unaudited financial results for the quarter ended June 30.

Kirloskar Brothers board meet: The board of directors of Kirloskar Brothers Ltd will meet on July 30 to take on record the results for the quarter ended June 30.

Duff & Phelps rating for plantation firms: Duff & Phelps Credit Rating has assigned a `Ind 5' rating to the agro-based collective investment schemes of Sonali Agro Industries & Resorts Ltd and Mehna Plantations Pvt Ltd. The rating indicates a high risk non-investment grade and poor ability to meet the stated obligations to investors on time.

Swojas Energy board meet: The board of directors of Swojas Energy Foods Ltd will meet on July 31 to take on record the unaudited financial results (provisional) of the company for the quarter ended June 30, 1998.

Nifty Index up 33 points: Pivotals rallied on the NSE on Thursdayon all-round speculative buying following the incentives announced for the information technology stocks and the prospects of US lifting trade sanctions against India, brokers said. The NSE-50 (Nifty) Index settled at 1,004.05 points, up 32.65 points from the previous day's close. The total turnover on the exchange stood at Rs 1,661.92 crore.

CSE shares gain ground: Equities moved up sharply at the Calcutta Stock Exchange on Thursday on buying by operators. The 40-share CSE Index settled higher at 1,945.10 points, the intra-day high and low being 1,954.89 points and 1,887.91 points, respectively. SBI ended higher at Rs 220.50, Bata at Rs 181 and ACC at Rs 1,420. Tisco closed at Rs 129.50, Telco at Rs 173.40 and ITC at Rs 719.70.

MSE Index up 37 points: Equities forged ahead on the Madras Stock Exchange on Thursday on fresh buying support. The MSE Index rose by 37.13 points to close at 3,766.32 points over the previous close. ACC moved up to Rs 1,400 from Rs 1,338.75. ITC rallied by Rs 36.80to Rs 719.20, L&T by Rs 9.70 to Rs 239 and Reliance by Rs 3 to Rs 151. State Bank of India recovered by Rs 4.40 to Rs 219.30. Tisco gained Rs 4.25 to Rs 130. Satyam Computers firmed up by Rs 39.30 to Rs 545.30.

BgSE shares recover: Share prices recovered at the Bangalore Stock Exchange on Thursday. According to marketmen, there was brisk activity in most of the counters. The turnover on the bourse stood at Rs 32.26 crore. ITC closed higher at Rs 719.95 from an opening of Rs 683.75 while ACC was unchanged at Rs 1,390. Satyam Computers, SBI and Reliance were better at Rs 546.30 (Rs 524), Rs 220.95 (Rs 214.25) and Rs 150.95 (Rs 147.95), respectively.

NSE debt market turnover at Rs 252 cr: The wholesale debt market of the NSE witnessed trading worth Rs 252.64 crore. The 11.55 per cent government loan maturing in 2001 was traded worth Rs 50 crore. The 14-day treasury bills maturing on July 25, 1998, were traded worth Rs 6 crore at a yield of 6.25 per cent.

NSE completes 190th settlement:The NSE has completed its 190th settlement since inception on July 16. The total value of the settlement was Rs 778.34 crore for securities and Rs 159.18 crore in funds. The quantity of securities settled through dematerialised mode was 26.95 lakh valued at Rs 66.75 crore. The percentage of shares received in dematerialised mode to the total quantity received for the settlement was over 70 per cent for some of the securities.

Skindia Index down 0.94%: The Skindia GDR Index dropped by 0.94 per cent from 710.25 to 703.57 on July 15. The Skindia GDR Index p/e ratio was 16.06 on July 15 compared with 16.28 on July 14. The top gainers were Videocon International and BSES which quoted at $1.50 ($1.40) and $12 ($11.55), respectively. Losers included Wockhardt, Finolex Cables and IPCL.

Call rates end at 5.10%: The overnight rates remained rangebound on Thursday. The call rates opened at 5 per cent, unchanged from their previous close. The rates were quoted at the opening level for most part of theday and finally closed at 5.05-5.10 per cent. There were few borrowers in the call money market, dealers said.

Rupee up marginally: The rupee posted small gains in early Thursday trades, but closed weaker than its opening quote. The local currency opened at 42.52, stronger than its previous close of 42.58/59. Soon thereafter, the rupee was seen at its intra-day high of 42.50. The rupee, however, lost strength in later day trades on fresh corporate demand for the greenback to close at 42.56.

Gold, silver improve: A moderate rise in gold prices marked trading on the bullion market on Thursday. Standard gold and 22-carat gold rose by Rs 25 each to end at Rs 4,295 and Rs 3,975, respectively. Silver ready (.999 fineness) and tenderable silver both edged up by Rs 5 each to Rs 8,000 and Rs 8005.

Castor oil ends down: Industrial oils showed sharp declines on Thursday. Castor oil commercial dropped by Rs 7 to end at Rs 360 while castorseeds ready Madras fell to Rs 1,632 from Rs 1666. Linseedoil eased to Rs 450 from Rs 455. Groundnut oil at ended unchanged at Rs 500. In futures trading, castorseeds September contract settled at Rs 1,484.50.