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

Thursday, September 27, 2001

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Markets

Fast track
Marginal recovery in oil stocks
TECHNOLOGY stocks again appear to have borne the brunt of uncertainty wracking the markets over the past two weeks. Apart from a host of second-rung stocks, frontline infotech stocks such as Wipro and Infosys have shed substantial value over the fortnigh t.

Impact
TVS Suzuki: The parting kick?
THE mere fact that there is now a prospect of Suzuki moving out of TVS Suzuki could spark a downtrend in the TVS Suzuki stock in the short term.

HCL Technologies: Buying growth
THE acquisition of a majority stake in Deutsche Software made by HCL Technologies has the potential to offset the negative sentiment that has engulfed the counter in anticipation of a profit warning.

Stocks
Mild recovery in Lyons Range
BUOYANCY in the equities of Wipro, RIL and Digital GlobalSoft perked up the sentiment at the Calcutta Stock Exchange on Wednesday.

TVS-Suzuki skids on probable Suzuki exit
THE firm trend in Asian markets such as Hong Kong found its echo in the domestic markets as stock prices recovered from their fall on Tuesday. Pivotals firmed up on Wednesday to help the Sensex end the day with gains. Stocks such as Reliance, Infosys, SB I and Cipla contributed the most to the rise of the Sensex.

Technical Analysis
Mild bull domination
BULLS controlled Wednesday's trading activity. Bears were unable to make any impact during the day. The intra-day movement in the index was around 18 points. It closed higher with a gain of around 15 points with respect to Tuesday's close. The market sentiment reading stands slightly in favour of the bears.


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