Fast track
Stock restructuring drives interest
QUITE a few of the stocks which have been showing firm trends in a market in search of direction have been doing so based on proposals linked to the equity base. Vikas WSP has, after a steep decline, moved into firmer territory on the back of a stock spl it proposal.

Impact
Thomas Cook: More muscle in prospect
CLOSE on the heels of the indications regarding the acquisition of an Indian company, the possibility of Thomas Cook (India) reaching out to the Sri Lankan operations of the group may help maintain the firm trends in the stock price.

ITC Hotels: Valuation uplift unlikely
THE acquisition of a controlling stake in Ansal may leave the valuation of the stock unaffected. The company has further acquired an equity stake in the company taking the holdings along with ITC to 54.65 per cent of the equity.

HMT: A bailout at last
THE Government's decision to infuse Rs. 250 crores into HMT as part of the overall restructuring plan could infuse some buying interest in the stock.

Stocks
IT scrips, RIL, Tata Steel among losers
POLITICAL concerns weighed heavily on market sentiment during the day's trading as the Sensex lost 118.79 points to close at 4616.09. For a market which was already bogged down by huge long positions (Rs. 3,035 crores as of Tuesday), the resignation of s ome Shiv Sena ministers from the Union Cabinet added fuel to the fire.

Political uncertainty hits dull market
LACK of investment-based buying saw share prices continue to head southward, ending the day weaker on the two bourses on Wednesday.

Technical Analysis
Downtrend intact
THE trend in both the indices continued to be downwards for the second calendar day on Wednesday. The market sentiment was also strongly in favour of the bears.

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