Fast track
Select MNC stocks slide
THERE are more than a handful of stocks of Indian affiliates of multinational companies that are trading at prices close to their year lows. Prominent among them are stocks such as Carrier Aircon, Syngenta India, Sulzer India, Gulf Oil India, Bata India and Nalco Chemicals.

Impact
Satyam Comp: Welcoming more of FIIs
Quick on the heels of the FII stake rising to the threshold limit of 38 per cent, the board of directors of Satyam Computer has raised the limit to 49 per cent.

DSQ Soft: More weakness in store
Indications that there could be a change at the top management of DSQ Software could lead to some pressure on the valuation of the stock which has been on a sharp downtrend.

Indian Rayon: Buyback bridged
The specifics of the buyback programme announced by Indian Rayon may not lead to any notable uptrend from the present levels.

Stocks
Lyons Range
SELLING in technology counters depressed sentiment on the Calcutta Stock Exchange on Friday. However, in the absence of buying even at lower levels, volumes dropped.

Pharma stocks in the limelight now
A PROPOSAL by a SEBI committee to replace the existing mechanisms to carry forward transactions between settlements with more complex derivatives instruments sent the equity market into a tailspin. At the end of the day, the BSE sensitive index had falle n 134.43 points (3.78 per cent) to close at 3,422.76 points.

Technical Analysis
Downtrend triggered
RIGHT from the initial hours of Friday's trading, the bears were in total control of the market. This led to the initiation of downtrend in the index, terminating the seven-day old uptrend.

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