Financial Daily
from THE HINDU group of publications

Wednesday, August 01, 2001





Fast track
Equities display see-saw trend in Q1
RESULTS for the first quarter of 2001-02 have started pouring. The results announced thus far have thrown up a few interesting patterns.

RIL, Infosys, ITC boost Sensex
THE markets ended on a positive note on Tuesday boosted by considerable uptrend in certain index heavy weights. The benchmark Bombay Stock Exchange Sensitive index (BSE Sensex) closed 1.32 per cent up at 3329.28 points compared to Monday's close of 3285. 89 points.

Reliance sparks interest in Lyons Range
PRICES firmed up on Lyons Range on Tuesday following an increased buying. The CSE-40 index, which opened at 1728.65, closed at 1752.68, while the CSE-50 index settled at 121.37 after opening at 119.24.

Technical Analysis
Downtrend terminated
THE bulls dominated the proceedings on Tuesday. This led to the termination of the downtrend in the index. The intra-day movement in Nifty was around 13 points. It closed higher with a gain of 15 points over Monday's close. The sentiment reading of t he tradable counters remained bearish.

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