Fast track
Cement stocks: The great build-up
THE markets continue to be in firm territory with many old economy stocks in the limelight. Investments from foreign institutional investors have touched close to $1 billion since the beginning of the year.

Impact
Thomas Cook: The Lankan connection
THE acquisition of the operations of Thomas Cook Overseas Ltd, UK in Sri Lanka by Thomas Cook (India) may augur well from a long-term perspective.

Tobacco move: More wide-ranging than ITC
THE move of the Government to launch a rigorous anti-tobacco programme could affect the business volumes of tobacco products' producers.

Stocks
LYONS RANGE
THE ITC scrip shed significant value on selling pressure at the Calcutta Stock Exchange. It closed at Rs 791.60 with an inter-day loss of 10.02 per cent.

Technical Analysis
Bears back in hunt; prey on tech stocks
FINALLY, the bears managed to take control of the third trading day of the week. Wednesday's trading saw a sell-off in the technology sector, after the US-based technology major, Cisco Systems, announced weaker than expected results. This is expected to have a negative impact on Wednesday's trading session at the Nasdaq.

Downtrend triggered
THE bears dominated the market on Wednesday. Though the domination was mild yet it was good enough to trigger a fresh downtrend in the cash index. The sentiment of the tradable list is not yet supportive of the new trend and is mildly bullish.

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