Fast track
PSUs: Brightening prospects
THANKS to the intervention of the Supreme Court, the Balco controversy has finally died down as both the players - the union and the management - signed an agreement for resumption of work. There were several twists and turns to the controversy ever sinc
e the Government announced sale of its 51 per cent stake to Sterlite Industries for Rs 551 crore.
Impact
Satyam Computer: Just a symbolic SAY
THE proposal of Satyam Computer Services to list its shares in the New York Stock Exchange may largely leave the valuation of the stock untouched. Gone are the days when an ADR offering used to excite investors and lead to a spurt in price.
Infosys: Paring down for slowdown
THE indications that Infosys Technologies is cutting down on capital expenditure by around 17 per cent may not have any significant downside influence on the stock price.
Stocks
Infosys slumps; Reliance, HLL make merry
BOGGED by expectations of a weak trend at the tech-weighted Nasdaq market, technology stocks ended on a weak note on Wednesday. In the process, the Sensex was dragged down from its peak of 3629.65 points.
Lyons Range
THE Calcutta Stock Exchange on Thursday saw a dip in sentiment for technology shares. The scrips of Ranbaxy, L&T, Zee Telefilms and HLL, however improved on moderate buying. Top among the losers were the counters of Global Tele, HFCL, Digital Equipment,
DSQ Software, Silverline and Rolta.
Technical Analysis
Uptrend Weakens
THE bulls dominated the index during the initial hours on Wednesday. Later on, the bears took over and it managed to close around the day's low. Though the trend of the index continued to be in the upward direction it showed signs of weakness. The sentim
ent of the tradable list continued to be bullish with a decrease in its value.
