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

Friday, July 06, 2001

• AGRI-BUSINESS
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• MACRO ECONOMY
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• OPINION
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Markets

Fast track
Buyback: The winners and losers
WITH the markets in uncertain territory, the stocks which feature on the gainers' list over the past fortnight appear to have been driven largely by company-specific announcements.

Stocks
Heavyweights decline in Lyons Range
THE Calcutta Stock Exchange on Thursday saw new and old economy heavyweights in rolling segment decline on selling. The counters which eased included Global Tele, HFCL, SBI, Pentamedia Graphics, NIIT, Tata Tea and ACC.

Nervous trading sees low volumes
THE stock markets finished flat for the second successive session on Thursday. Volumes were thin as nervous traders deferred investment decisions, awaiting moves from the Government to bail out Unit Trust of India, the country's largest mutual fund comp any, which is facing redemption pressures.

Technical Analysis
Sideways movement
THURSDAY'S trading activity too witnessed narrow movement in the index. It moved within a close band of 13 points. Neither the bulls nor bears could gain from the day's trading. The Nifty closed around Wednesday's last traded value. The sideways trend in the index continued on Thursday. The market sentiment reading of the tradable counters also remains unchanged.


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