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

Saturday, July 21, 2001

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Markets

Fast track
Cipla: Maintains growth concoctions
CIPLA has moved in a narrow band over the last fortnight to hover around the current level of Rs 1,050. A top-rung domestic pharmaceutical company, Cipla's stock market valuation is closely linked to its attempt to exploit the growing market for off-pat ent drugs in the US.

Impact
Fulford India: Warning on earnings
THE stock of Fulford India may come under some stress with the possibility of lower earnings in 2000.

Wipro: Bolstering of revenues
THE stock of Wipro is likely to rule firm in the backdrop of the sizable order that the company has bagged from a UK-based company.

Stocks
Lyons Range
THE Calcutta Stock Exchange on Friday saw the RIL scrip decline along with the shares of Global Tele, DSQ Biotech, Digital Equipment and Ranbaxy. The Eveready, HLL and Infosys counters were among notable gainers.

Wipro, Infosys, ITC post modest gains
FRIDAY marked the completion of the third week since the introduction of the SEBI-imposed new trading system but things were no different for the dull stock markets.

Technical Analysis
Bears reign
RIGHT from the initial hours of Friday's trading, the bears were in total control of the market. However, the trend in the index remained sideways. The movement in Nifty was around 17 points. It closed the week with a loss of nine points with respect to Thursday's close. The sentiment reading of the tradable counters remains bearish.


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