Fast track
Back to the good old days?
IF recent market activity is any indication, last year's maddening rush for new economy stocks appears to have subsided.

Impact
Ciba Specialty: Merger announced again
THE proposed merger of Ciba Specialty with its subsidiaries may not enthuse market sentiment for the stock.

ICICI Bank: Taking charge
THE proposed merger of ICICI Bank and Bank of Madura may lead to sustained market interest in the two stocks in the short-term.

Stocks
Bata, LML surge
LYONS RANGE: EQUITY prices on the Calcutta Stock Exchange on Monday equity prices moved up on widespread buying interest.

Nasdaq's strength propels tech stocks
THE bulls stamped their supremacy during Monday's trading, forcing the bears into a retreat. The markets closed on a positive note with the Nasdaq closing higher on Friday and some buying interest in technology stocks. Select old-economy stocks also attr acted market interest.

Technical Analysis
Indices gain
THE uptrend in both the indices continued on Monday for the 14th calendar day. The bulls dominated the market, with the result that the indices gained a substantial amount. Sentiment was strongly in favour of the bulls, indicating no threat to the curren t trend.

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