THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Wednesday, September 27, 2000

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Markets

Fast track
FMCG stocks survive slide
INTERNATIONAL crude oil prices have cooled off a bit in the last couple of days. However, the quantum of petro product hike in the domestic market is still uncertain.

Impact
Liberty Shoes: Refusing to step in
THE decision of Liberty Shoes to postpone the conversion of debentures may not be viewed favourably.

United Western Bank:Flat trends ahead
THE deferment of the equity issue plans of United Western Bank may not lead to any positive impact on the stock price.

Jindal Vijaynagar: Cutting debt, but..
The proposed capital restructuring by Jindal Vijaynagar Steel to cut debt may have a beneficial influence in reducing financial costs.

Stocks
MTNL, VSNL ring with gains
THE market lost its nerve again on Tuesday as fears about the adverse impact of the impending fuel price hike resurfaced, sending dealers into a selling spree.

ICE scrips feel the heat
HEAVY bull unloading right from the onset of business erased more than half of Monday's gains, pushing the Sensex down by 83.90 points to close at 4,089.58 on the Bombay Stock Exchange (BSE) on Tuesday.

Technical Analysis
Bears dominate
THE downtrend in both the indices remained intact on Tuesday. Market sentiment also continued in favour of the bears with a slight loss in value.


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