Financial Daily
from THE HINDU group of publications

Saturday, July 14, 2001





Fast track
Consumer goods sector play safe haven
MARKETS returned to the subdued mode once again on Friday. Some would say that there was no reason to feel optimistic in the first place and the change in sentiment for the worse on Friday was but natural. The index on industrial production indicat es that a sharp slowdown is underway.

CSE crosses Rs 100-cr mark
CALCUTTA:THE Calcutta Stock Exchange saw prices slide towards the end of the session on Friday after a handsome rise during the day.

Cipla, NIIT make gains
THE Bombay Stock Exchange (BSE) ended its three-day rally and was flat on Friday. After three days of gains the 30 stock index, the sensex closed up 1.24 points, 0.04 per cent at 3453.99 from the previous day's close of 3452.75 points.

Technical Analysis
Uptrend triggered
THE bulls dominated Friday's trading till the mid-session. This led to the initiation of a fresh uptrend in Nifty. During the close, the bears managed to take control. Their domination during the close resulted in washing out the gains made by the bulls. The movement in the index was around 24 points. It closed for the week with a loss of TWO points with respect to Thursday's close. The market sentiment reading of the tradable counters continues to remain bullish.

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