UTI Money Market Mutual Fund, JM Debt Fund, Templeton Liquid Fund, Kothari Treasury Management Account and Prudential ICICI Liquid Fund are among the top performers in the open-end liquidity fund category for the six month period ended August 31, 1998 to February 26, 1999. During this period, UTI Money Market Fund has given a (NAV to NAV) return of 5.39 per cent, JM Debt Fund (G) option of 5.96 per cent, Templeton Liquid Fund of 4.90 per cent, Kothari Pioneer Treasury Fund of 4.59 per cent and Prudential ICICI Liquid Fund of 4.64 per cent.

Seat Spa gets Sebi exemption:

The Securities and Exchange Board of India has exempted SEAT SPA of Italy from making an open offer to the shareholders of Sesa Seat Information Systems. The Sebi order comes in the wake of the Italian company picking up 40 per cent stake in Sesa Seat.

Pivotals recover on fresh buying at NSE:

Pivotals recovered on the National Stock Exchange here on Wednesday on freshspeculative buying and closed with good to moderate gains. The market opened on a buoyant note and continued to moveupward till the midsession. It started falling in the later part of the trading session. However, the closing prices were generally higher than the previous day's level. The market trend was reflected in the index when the S&PCnx nifty opened higher at 1078.20 and rose further sharply to an intra-day high of 1088.55, before closing at 1060.65, showing a fresh gain of 7.50 over the last close of 1053.15.

Profit-taking on DSE:

Mutlinationals and software stocks suffered sharp a setback to close lower for the second straight session on the Delhi Stock Exchange following fresh spell of profit-taking by foreign funds and domestic speculators. The Delhi Stock Exchange benchmark index ended 12.39 points, or nearly 1.5 per cent, lower to close at 809.16 points, after crossing 828 points in early trading.