Fast track
Hotel scrips register declines
THE recent bear charge in the stock markets has had a negative impact on the performance of stocks in the hotel industry. Over the last fortnight all the major hotel stocks have registered considerable declines. The stocks of EIH and ITC Hotels were the major losers. The other major players, namely, Indian Hotels and Asian Hotels, also lost in value, but at a lower level.

Impact
Hoganas: Some interest in prospect
THE proposed open offer may trigger some upside and volumes in the stock of Hoganas India.

Himachal Futuristic: Settlement blues
THE fact that open positions in the Himachal Futuristic stock lead to problems of settlement and payment shortfalls on the Calcutta Stock Exchange last week could hurt market sentiment for the stock.

Global Trust: Merger in question
THE Global Trust Bank's stock could come under further stress as its proposed merger with UTI Bank comes under intense scrutiny.

Stocks
LYONS RANGE
THE Calcutta Stock Exchange on Monday saw panic selling in momentum stock. However, there were few buyers for the stocks even at a heavy discount.

Gloom extends as stocks continue to fall
SEBI's moves to stabilise the stock markets failed to create an impact as stock prices continued to plunge. Stocks of information technology companies continued to bear the brunt of the selling pressure on Monday.

Technical Analysis
Bear domination
ON MONDAY, the markets witnessed a fierce domination by the bears almost throughout the day resulting in a steep fall in the value of the index. The downtrend prevailing in the market continued for the seventh calendar day gaining further strength. The s trong bearish sentiment of the tradable list also continued.

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