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

Wednesday, August 30, 2000

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Markets

Fast track
Cipla: In robust health
THIS column tracks price movements on the Bombay Stock Exchange. The gains and declines in prices are with reference to the closing price of the first trading day in a cycle of 15 trading days.

Impact
Hindustan Inks: Enhancing revenue streams
THE commissioning of new capacities by Hindustan Inks may raise the possibility of an improvement in its operational contours over the medium-term.

Bajaj Auto: Shrinking may not enthuse
THE plans of Bajaj Auto to cut its work force may not lead to any improvement in the market perception of the stock.

HDFC Bank: Enhancing distribution linkages
THE indication that HDFC Bank would take up distribution of Tata-AIG combine's insurance products may strengthen market perception about its emergence as a major player in the area of financial products' distribution.

Stocks
Zee stars amidst listless trading
THE market continued to remain listless on Tuesday and the flat trends of Monday were extended during the day. The BSE sensitive index closed the day inching up by 6.01 points at 4,401.82 points.

Technical Analysis
Side trend intact
THE sideways trend in both the indices continued to be intact on Tuesday. The sentiment in favour of the bulls also continued. A bull move on Wednesday is likely to trigger an uptrend in the indices. The bullish sentiment is likely to continue in case of a bull move. In case of a bear move, the sentiment is likely to become bearish.


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