Addl Rs 1,400-cr guarantee for Unit Trust's MIP 97
New Delhi: The Finance Ministry is set to provide an additional guarantee of Rs 1,300-1,400 crore to Unit Trust of India (UTI) to help bridge the shortfall in the Monthly Income Plan (MIP) 97 (3) scheme due for redemption in October this year. 
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Bear domination
Bears were in total command of Tuesday's trading activity. Bulls were unable to make any impact during the day's trading. Tuesday's market action resulted in terminating most of the uptrend counters in the tradable list. 
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Synergies with TCS help CMC
Mumbai: CMC Ltd has attracted a lot of market attention in the last few weeks on account of a promising outlook arising from its synergies with another Tata group company, Tata Consultancy Services (TCS) the country's largest software firm. 
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Block deal in Indo-Gulf
Mumbai: Trading volumes in Indo-Gulf Corporation on Tuesday surged on renewed buying interest in the counter. According to dealers, a block deal of 19 lakh shares at Rs 53 per share was done in the counter. 
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No headroom for fungibility in Ranbaxy
Mumbai: Foreign investors seeking to buy local shares of Ranbaxy Laboratories for converting them back to Global Depositary Receipts will have to wait for some time now.
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Tech stocks drag market down
Mumbai: After a two-day rise, the markets ended lower, pulled down by technology stocks. Selling pressure was evident in almost all technology counters. Second-rung tech stocks such as HCL Technologies, Rolta India and Geometric Software Software lost heavily whereas the fall in first-rung companies such as Infosys Technologies and Satyam Computer was much lower. 
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Bombay Dyeing stock option to MD, JMD
Mumbai: Bombay Dyeing and Manufacturing Company Ltd has informed the Bombay Stock Exchange (BSE) that it will offer shares to its Managing Director and Joint Managing Director as part of an employee stock option scheme (ESOS). 
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Re firms up; gilts range-bound
Mumbai: The rupee on Tuesday closed marginally higher at 48.50/5025 against the dollar as compared to Monday's close of 48.51/52 in the forex market. The supplies of the dollar were seen to be high and demand low.
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Market round-up 
Mumbai: Comfortable liquidity in the system continued to keep call rates hovering around the RBIs repos rate. Demand was strong in early trade from banks looking to borrow in excess of their reserve needs. 
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