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

Friday, February 16, 2001

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Markets

Fast track
VST, Reliance in limelight
IN the recent trading sessions, interest has remained centred around old economy stocks with sectors such as cement, petroleum, pharmaceuticals and power witnessing heightened activity.

Impact
Century Enka/Century Textiles: Divestment but
THE proposal of Century Enka and Century Textiles to divest their stakes in Centak Chemicals to Akzo Nobel Century Enka International B.V, Netherlands may not trigger any major uptrend in the valuation of these stocks.

Centak Chemicals: Ownership changes, but
THE likelihood of Akzo Nobel Chemicals International B.V, Netherlands taking complete control of Centak Chemicals may be viewed favourably and lead to some improvement in the valuation of the stock.

UB: Higher price, but...
THE hike in the tariffs imposed on beer by the Karnataka Government may not have any negative influence on the valuation of the United Breweries stock.

Stocks
Lyons Range
KOLKATA: THE Calcutta Stock Exchange on Thursday saw buying interest in momentum shares.

Sensex rides on HLL, Infosys rally
AFTER a rather sedate opening at 4372.6 points, a sharp recovery in the share price of Hindustan Lever and a firm trend in Infosys Technologies played a key role in helping the Sensex close at a five-month high of 4459.19 points. This represents a rise o f 74.88 points over the previous day's close.

Technical Analysis
Uptrend triggered
THE bulls dominated the proceedings on Thursday. In the process, the downtrend triggered in the index on Wednesday was terminated and a fresh uptrend triggered. The sentiment of the tradable list was bullish extending support to the current trend.


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