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

Thursday, November 16, 2000

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Markets

Fast track
Cadbury: Bitter sweet
THE markets have been on a roller coaster ride so far this week, dropping sharply in Monday's trading and gaining on Tuesday. Overall, the pointers suggest a market that is still searching for direction.

Impact
Bishnauth Tea: Flat trends brewing
THE stocks of Bishnauth Tea and George Williamson (Assam) may remain largely indifferent to the restructuring plans unveiled by the Williamson Magor group.

Nile: Near-term setback
THE order of Company Law Board upholding the decision of the management of Nile in not allowing the transfer of shares acquired by GMM is a setback for the stock price of Nile in the near term.

Stocks
Wipro outshines peers on lacklustre day
THE Bombay Stock Exchange was flat compared to the volatile beginning on Monday. Witnessing an uninteresting day at the markets, the Sensex closed up 2.99 points, 0.08 per cent, to end Wednesday's trading session at 3,946.53 from the previous day's close of 3,943.54.

Lyons Range
TECHNOLOGY shares eased somewhat on selling pressure at the Calcutta Stock Exchange on Wednesday but the ACC, Tata Tea, L&T and SBI moved up on buying interest.

Technical Analysis
Marginal gain
THE uptrend in both indices continued for the 14th calendar day on Wednesday. Market sentiment turned strongly bullish. The current bull trends in both the indices are likely to continue on Thursday during normal course of trading. Irrespective of the bu ll or bear move, the sentiment may strongly favour the bulls.


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