Financial Daily
from THE HINDU group of publications

Wednesday, January 24, 2001





Fast track
FIIs shine on tech scrips
FRONTLINE technology sector stocks have had a good fortnight riding on the highest-ever FII monthly net flows since the latter's advent in 1993. FII inflows have been the highest-ever for any single month, touching nearly $701 million till January 22.

Titan Industries: At last real glitter?
INDICATIONS that the jewellery business -- Tanishq -- of Titan Industries may make some profit in the current fiscal may infuse positive sentiment into the stock in the short term.

Gujarat Ambuja: Roping in cash support
THE Gujarat Ambuja Cements' completion of a convertible bond offering in the international markets may be a positive from a long-term perspective.

Aptech: Technology mentor
THE move of Aptech to strengthen its presence in the e-learning business may be viewed favourably by the markets.

Key IT scrips ensnared in web of losses
EQUITIES ended in positive territory for the eighth successive session on Tuesday at the Bombay Stock Exchange (BSE). The Sensitive Index of the BSE ended 0.69 per cent, or 29.58 points higher at 4,296.69 points.

KOLKATA: THOUGH equity prices generally finished on an upward trend at close on the Calcutta Stock Exchange on Tuesday, new economy shares posed a divergent picture.

Technical Analysis
Restricted movement
THE bulls dominated Tuesday's proceedings initially. Towards the end, the index closed a few points below the high with a marginal gain. The bullish sentiment prevailing in the market continued on Tuesday also.

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