Fast track
Nestle bucks the trend
GIVEN the free fall in the equity markets over the past couple of weeks, the list of stocks which have managed to post consistent gains has dwindled considerably. The following were among the few exceptions:

Impact
Kirloskar Bros: Windfall order?
THE large order bagged by Kirloskar Brothers for installation of a pumping system from Sardar Sarovar Narmada Nigam Ltd may prop up sentiment in the stock in a moribund market.

Cadila: Only a fleeting impact
FROM a long-term perspective, Cadila's acquisition of Kopran's cardiovascular drug, Aten, is a positive development.

Stocks
Entertaining show from Zee, Balaji Tele
THE market moved rather cautiously on Wednesday with old economy stocks, particularly cement and pharma, helping the Bombay Stock Exchange's (BSE) Sensex to post a modest gain. Infotech counters, however, remained subdued and checked the progress.

Mixed trend in Lyons Range
EQUITIES closed with a mixed price trend at the Calcutta Stock Exchange on Wednesday. The CSE-50 closed at 96.15 points against the previous close of 95.11.

Technical Analysis
Narrow movement
WEDNESDAY'S trading witnessed narrow movement in the index. It moved within a close band of 15 points. Bulls managed to gain marginally from the day's trading. Nifty closed with a gain of eight points with respect to Tuesday's close. The market senti ment reading continues to remain strongly in favour of the bears.

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