Fast track
Pharma, FMCG cos buck trend
THE prevalent lacklustre trend in the country's stock markets has been aggravated due to the terrorist attack on the US. The Bombay Stock Exchange breached the 3,000-mark on Thursday and settled at 2,830.12 points on Friday.

Impact
Hughes Software: Revised guidance
THE revised estimates, provided by the management of Hughes Software, of a net profit growth of around 20 per cent compared to the earlier estimate of 60 per cent is unlikely to trigger price action in the counter.

Chemplast Sanmar: Limited upside
THE buyback offer from the promoters of Chemplast Sanmar will not lead to an uptrend in the stock price.

Stocks
Selling spree in Lyons Range
STOCK prices slumped further at the Calcutta Stock Exchange on Friday on all-round selling spree. The Wipro scrip shed 15.59 per cent of its overnight valuation and closed at Rs 1,240.

Gloom continues on negative sentiment
INDIA'S key share index fell more than five per cent to a new 33-and-a-half month closing low on Friday amid heavy selling by foreign funds as investors took fright of a possible US retaliation causing instability concerns in the region.

Technical Analysis
Bear onslaught
FRIDAY'S market witnessed a drastic fall. Most of the index-based counters hit the circuit breaker. The Nifty saw an intra-day fall of around 7 per cent. During the close it managed to recover a few points. It closed for the week with a loss of 48 points with respect to Thursday's close. The sentiment reading of the tradable counters remains strongly bearish.

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