Financial Daily
from THE HINDU group of publications

Wednesday, July 11, 2001





Fast track
Smart rally in Bayer India
IN the past 15 trading sessions, Indian drug companies have out performed the stocks of the affiliates of multinational drug companies. Stocks of Dr Reddy's Laboratories, Cipla and Ranbaxy Laboratories have been surging ahead while stocks of companies su ch as Glaxo, Novartis, Burroughs Wellcome, E Merck and Hoechst Marion Roussel have been languishing.

Narrow band in Lyons Range
CALCUTTA: PRICES firmed up on Lyons Range on Tuesday even as the two Calcutta Stock Exchange indices moved up from their opening levels. The CSE-40 closed at 1748, up from 1732.03, while CSE-50 closed at 121.73, up from 120.28.

Spotlight on Tata Steel, Tata Engg
STOCK prices looked up on Tuesday on the back of improved trading volumes. In the morning session, trading sentiment was relatively positive, as the financial performance of Infosys Technologies did not produce any negative surprises for the markets.

Technical Analysis
Nifty turns sideways
THE bulls dominated the day's proceedings on Tuesday. Bears were unable to extend their pressure during the day's trading. This resulted in the termination of the downtrend in the index.

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