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

Friday, June 22, 2001

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Markets

Fast track
All eyes set on US meet
THE domestic stock markets continued to languish through the week, as technology stocks were shunned in the wake of the flurry of profit warnings.

Stocks
John Fowler, Aptech shine on listless day
THE BSE Sensex continued to move in a narrow range, declining by 0.41 points (or 0.01 per cent) to close the day at 3405.64 points. There was a lacklustre trading activity in both technology and old economy stocks during the day's trading.

Lyons Range
KOLKATA: THE Calcutta Stock Exchange on Thursday witnessed unwinding and selling in top momentum stocks. However, the old economy stocks attracted some buying. Among the top gainers were the scrips Zee Telefilms, SBI, Ranbaxy, ITC, Tata Tea and HLL.

Technical Analysis
Uptrend triggered
THURSDAY'S trading activity witnessed restricted movement in the Nifty. It moved in a very close band of 10 points. This was enough to initiate a fresh uptrend in the index, terminating the seven-day old downtrend. Nifty closed for the day with a loss of around five points with respect to Wednesday's close. The sentiment of the tradable counters remained bearish.


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