Fast track
Cement shares: End of party time?
THE third quarter results of most keenly watched companies seem to be on expected lines. Information technology majors - Satyam Computers, Infosys Technolgies, Sterlite Opticals and Hughes Software - lived up to market expectations. In fact, Satyam and H
ughes Software even exceeded the expectations.
Impact
Aksh Optifibre: More orders in bag
THE order bagged by Aksh Optifibre from Bharat Sanchar Nigam Ltd (BSNL) may not lead to any near-term improvement in the valuation of the stock.
Hero Honda: Splitting the stock
THE stock of Hero Honda may show firm trends in the homestretch to the announcement of a stock-split.
Gesco Corpn: It's all over
THE battle for control over Gesco Corporation (real estate development firm) appears to be well and truly over and the stock price may at best show firm trends in the run-up to the open offer.
Larsen & Toubro: Cementing its path
THE orders bagged by Larsen & Toubro for road projects may not have much of an influence on the valuation of the stock though it has positive signaling effects from a long term perspective.
Stocks
LYONS RANGE
THE Calcutta Stock Exchange on Tuesday saw new economy shares bounce back. Select old economy scrips also improved on buying. The Satyam Computers counter recorded the day's highest percentage gain.
Technical indicators suggest weak undertone
THE market indices moved in a narrow band on Tuesday and they seemed to be searching for direction. A factor that may have led to their uncertain movement is the arrest of Mr Bharat Shah, a big-time film financier with major interest in media stocks.
Technical Analysis
Marginal gains
THE bulls dominated the market in the first session on Tuesday. Later on, the bears cut down their gains to close with a marginal gain. The trend of the index continued its sideways movement. This sideways movement is now already twelve calendar days' ol
d. The sentiment became mildly bearish with a fresh downtrend triggered in a few counters.
