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

Friday, February 09, 2001

• AGRI-BUSINESS
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Markets

Fast track
ITC: Huffing and puffing
The broad markets continue to move within a narrow range, with specific stocks, especially of medium- and large-sized companies, showing considerable gains on the back of strong FII flows. But the big story over the past few days has been that of ITC and stocks of other tobacco manufacturers.

Impact
Opto Circuits: Some spark
THE Opto Circuits stock may show firm trends on the back of an order bagged from a US medical equipment manufacturer.

IDBI: Moolah from SIDBI sale
THE sizable cash inflow for Industrial Development Bank of India (IDBI) from the sale of its stake in SIDBI may not have any influence on price formation in the stock.

Cement cos: Volumes too up
THE rise in volumes posted by the cement companies in January may provide a firm underpinning to the price trends in the cement sector stocks.

Stocks
Bulls rule; old economy scrips sprint
IT was the turn of the bulls to dominate proceedings on Thursday. The day's trading saw active buying in select old economy stocks with banking and power sector stocks in limelight.

Technical Analysis
Bulls stage a comeback
THE bulls came back to life and dominated the day's proceedings on Thursday. In the process, the downtrend triggered on Wednesday was stopped and reversed. However, the sentiment reading is still not in favour of the new uptrend.


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