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

Wednesday, December 27, 2000

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Markets

Fast track
Cement stocks: Memorable year
AS we near the end of the year, it is time for investors to relax and look back at their performance during the year. As usual, there has been a sell-off in the markets during December, but then, this has been the trend for some years.

Impact
George Williamson: Reshuffling but..
THE proposed restructuring of shareholding of George Williamson may not have any bearing on the valuation of the stock. The company has indicated that Borelli Tea Holdings Ltd has decided to acquire 87,52,050 equity shares of Rs 10 each of George William son from Williamson Tea Holdings plc, UK.

Crompton Greaves: Just some progress
THE valuation of the stock of Crompton Greaves may not improve on the back of its moves to divest stakes in a few joint ventures. These may be seen as only small steps towards improving and restructuring the operations.

Stocks
Tech stocks dampen sentiment
AFTER being closed for trading on Monday, the BSE Sensex nosedived on Tuesday by 79.08 points (or 2.02 per cent) on the first day of the settlement, closing at 3,826.82 points.

Lyons Range
CALCUTTA: SENTIMENT plunged further at the Calcutta Stock Exchange on Tuesday.

Technical Analysis
Downtrend intact
WITH the bears dominating Tuesday's proceedings, the downtrend in the index remained intact. Market sentiment was totally bearish, with all the best tradable scrips in the downtrend.


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