Fast track
Raymond: Bared by the Budget
THE markets seem to be in a free fall and possibilities of a recovery look bleak. The current downturn has taken its toll on many companies.

Impact
Ramco Systems: No high-flying
THE stock of Ramco Systems is likely to remain range-bound with a downward bias in the short term in spite of the company being able to forge a strategic partnership with Boeing to jointly develop software solutions for the aviation industry.

Siemens: No more parts, please
THE decision to exit the components business may not have any notable influence on the stock price of Siemens India.

Stocks
Lyons Range
THE Calcutta Stock Exchange continued to remain in stupor even as some of the old-economy shares improved. The total turnover of the exchange stood at Rs 99 crore.

Bears back in business; sentiment still trapped
THE bears were back in the market in full measure as the BSE Sensex shed all gains recorded on Tuesday, losing 39.36 points (or 1.09 per cent) to close the day at 3,565.65 points.

Technical Analysis
Downtrend intact
RIGHT from the initial hours, the bears were in total control of the market on Wednesday. This left the downtrend in the index intact. Nifty moved within a close band of 26 points. Bears gained around 16 points from the day's trading. The market sentimen t remains strongly in favour of the bears, extending the necessary support to the prevailing downtrend.

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