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

Friday, August 03, 2001

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Markets

Fast track
Auto cos: A bumpy ride for some
SINCE the imposition of the ban on badla and introduction of compulsory rolling settlement in specified group stocks, the trading volume has been affected. Fundamentally, there is nothing much to cheer about. Though the cement companies have come up with an improved financial performance for the quarter ended June 2001, it is not the case across other industries.

Impact
Infar: The end game
THE open offer announced for Infar India may keep the stock price firm at around the current price levels.

SSI: Towards a debt-free card
THE move of SSI to pre-pay its entire debt may not lead to any improvement in the valuation of the stock in the short term.

Gufic Biosciences: The UK link
THE proposed arrangement with Intra Pharmaceuticals, UK, may not provide any significant upside to the stock.

Stocks
Satyam spurts up in CSE
KOLKATA:THE Calcutta Stock Exchange on Thursday saw the stocks of Satyam Computers, Silverline, Global Tele Systems and DSQ Software move up in a generally dull trading session.

Uptrend in old economy shares
ON Thursday, the markets moved in a narrow range and gained marginally. The 30-issue benchmark Bombay index closed up 0.44 per cent at 3,298.78 points, after moving in a narrow band of 32 points. On Wednesday, the Sensex closed at 3284.17 points.

Technical Analysis
Narrow movement
THURSDAY'S trading witnessed a narrow movement in the index. This left the sideways trend in the index intact. Bulls managed to gain marginally from the day's trading. The movement in the index was around 11 points. It closed with a gain of three poi nts with respect to Wednesday's close. The sentiment reading of the tradable counters stands slightly in favour of the bears.


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