The Hindu Business Line : Wednesday, June 21, 2000

	Financial Daily from THE HINDU group of publications Wednesday, June 21, 2000

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Markets

Fast track
Tea scrips: Uncertain outlook
THIS column tracks price movements on the Bombay Stock Exchange. The gains and declines in prices are with reference to the closing price of the first trading day in a cycle of 15 trading days. The Index Of Consistency (Column `N') shows the difference between the number of days, prices gained and number of days they declined.

Impact
Alfa Laval: Global ownership changes
THE changes at the global level in the ownership of Alfa Laval may lead to some trading interest in the stock in the short-term.

Silverline: Near-term NYSE effect
THE completion of the American Depository Shares' offering by Silverline Industries and the listing of the stock on the New York Stock Exchange may lead to some short-term upside and trading interest in the stock.

Greaves: Better product profile
THE agreement entered into between Greaves and CIFA, SpA of Italy to enlarge the product profile of the former may improve market sentiment in the stock.

Stocks
Equities net marginal gains
EQUITIES continued to move northwards on the back of speculative and institutional interest. The Sensex on Tuesday breached the resistance level of 4,900 but lost ground during the course of the day.

Pharma stocks bounce back to life
IT was a day of hectic trading at the Bombay Stock Exchange. Trading commenced on a bright note with the Sensitive Index opening 53.99 points higher following a strong show by the Nasdaq Composite Index on Monday's trading.

`Market ready for DVP'
THE capital market is ready for delivery versus payment (DVP), a system that involves simultaneous transfer of funds and securities under one roof at any given time, according to Mr. C.B. Bhave, Managing Director, National Securities Depository Ltd (NSDL ).

Technical Analysis
Uptrend continues
THE uptrend in both the indices continued for the second calendar day on Tuesday. The strong bullish sentiment of the market remained unaltered. The current uptrend in the indices and the sentiment of the market are likely to remain the same irrespective of the bull or the bear domination on Wednesday.

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