The Hindu Business Line : Wednesday, August 02, 2000

	Financial Daily from THE HINDU group of publications Wednesday, August 02, 2000

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Markets

Impact
NBFCs' merger: Some interest, but...
THE proposed merger of four non-banking fiance companies (NBFCs) may lead to some market interest in the stocks.

Godrej Soaps: Stress on value-addition
THE all-encompassing restructuring drive at Godrej Soaps is likely to be welcomed by the stock markets.

Hinduja Finance: Ongoing restructuring
THE restructuring of Hinduja Finance into a convergence company has continued with the proposal to increase the company's holdings in two of its subsidiaries -- IndusInd Media Communications and In2Cable.com.

Stocks
Earnings data propel SmithKline Pharma, Hindalco
TRADING was lacklustre during the day as prevailing trends continued to rule the markets. The Sensex lost 26.17 points to end the day at 4,253.69 as the number of losers (718) was significantly higher than the number of losers (545).

Technical Analysis
Downtrend continues
BOTH the indices remained in the downtrend on Tuesday. The bearish sentiment also remained intact. A slightly strong bull move on Wednesday has the potential to trigger an uptrend in the Sensex and neutralise the current downtrend.

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