Impact
BHEL: More orders flow in
A SIZABLE order bagged by BHEL may help enthuse market sentiment for the stock and help underpin the recent firm trends in the stock price.

M & M: A limited lifeline
THE decision of Mahindra and Mahindra to allot shares to its shareholders in Mahindra British Telecom may provide some pep to the stock.

Gesco: More time to battle
THE decision of the Renaissance group to extend the offer closing date for Gesco Corpn to January 24, 2001 may keep some speculative interest in the stock in anticipation of a revision in price.

Indian Hotels: Seeking a US skyline
THE indication that Indian Hotels would make a bid for the New York-based Carlysle may be viewed favourably. Though the process is some way away from being completed, the acquisition, if it fructifies, could provide visibility and have spin-off effects. But any uptrend linked to this development in the short term does not appear likely till the process takes a concrete shape. -- BL Research Bureau

Stocks
Lyons Range
CALCUTTA:CEMENT shares improved at the Calcutta Stock Exchange on Thursday while IT shares eased on selling pressure.

Fancied buying in Tata Chem, Knoll Pharma
TRADING ended on a neutral note with neither the bulls nor bears able to take a firm grip over the bourses on Thursday. The recent fall in Nasdaq caught up with the domestic markets and traders started booking profits in the technology stocks. Ceme nt stocks remained firm during the day.

Technical Analysis
Delicately poised
THE bears dominated Thursday's proceedings. The trend of the S&P CNX Nifty cash index, however, remained in the uptrend for the 17th calendar day. The sentiment reading also continued to strongly favour the bulls.

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