Fast track
Pharma scrips: Safe prescription?
TRENDS over the last 15 trading days suggest that the market is still lacking direction. Though it seems to be turning a little more defensive compared to earlier periods, it still retains its strong interest for information technology stocks. It is, how
ever, more selective and rational in its reaction towards developments in the information technology sector. Valuations are not expected to go up any significantly in the medium term, except for some minor adjustments.
Impact
VisualSoft: Paying up to settle dispute
A SIZABLE one-time charge on its earnings in the first quarter for 2000-2001 may lead to price weakness in the VisualSoft stock price in the short-term.
Cadbury India: Buffeting the cash flows
THE decision of Cadbury India to sell real estate may be viewed favourably by the markets. The company proposes to sell its property at Colaba, Mumbai for a consideration of Rs. 8 crores.
DSQ Software: Lining up acquisitions
THE indications provided by the top management of DSQ Software that the company plans to acquire two US firms for $15-20 millions may not have any influence on the stock price in the short-term.
Stocks
FMCG stocks pep up listless market
THE stock market continued to meander in a narrow band. With divergent price trend in key pivotals, the market was searching for direction. Mirroring the relatively flat trend, the Sensex moved in a narrow range of 73 points during the day, before closin
g at 4867.43 points, representing a drop of about 39 points from the previous day's close of 4905.41 points.
ICE scrips pull Sensex down
A HEAVY spell of selling in the infotech, communication and entertainment (ICE) counters pulled down the Sensex by 38.51 points to close at 4867.43 on the Bombay Stock Exchange (BSE) on Monday. However, select old-economy shares hogged the limelight.
Technical Analysis
Nifty turns sideways
THE uptrend in the Index turned sideways on Monday while the uptrend in the Sensex continued. Market sentiment was bearish with further increase in value. Both the indices are likely to trigger a downtrend on Tuesday. Irrespective of bull or bear moves,
sentiment is likely to remain bearish.
