Fast track
Bombay Dyeing: Clothed in gains
A NOVEL feature of valuation in the equity market is that pundits often get an opportunity to exercise their imagination and come up with a remotely plausible reason for a company's valuation. Typically, these reasons are temporary in nature for better s ense prevails and things are soon back to normal.

Impact
NIIT: Leveraging on performance
AIDED by a strong growth in software service revenues, particularly from e-commerce, NIIT has posted a strong 70 per cent growth in the post tax earnings for the fourth quarter ended September 30, 2000.

BILT: Firm trends in offing
THE prospect of the promoters engaging in open market purchases to shore up the equity stake to ward of a hostile takeover bid is likely to either lead to an uptrend in the stockprice of Ballarpur Industries or atleast keep it rangebound in the near term .

Stocks
ITC shatters winning streak; NIIT excels
GLOOMY sentiment affected stocks once again at the Bombay Stock Exchange (BSE). The Finance Minister's confident assertion on Monday that the 7-per cent GDP growth target would be achieved through steps in the core sector did not appear to make any wav es in the market.

Technical Analysis
Downtrend re-triggered
THE downtrends in both the indices, which were neutralised on Monday, was once again triggered on Tuesday. Market sentiment favouring the bears continued on Tuesday with a slight increase in value.

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