Fast track
BHEL looking at promising future
IN the engineering sector, the stocks belonging to the electrical and power equipment industry have posted the largest gains over the last fifteen trading days. BHEL and ABB have gone up by Rs. 41.05 and Rs. 28.90 respectively over the last fifteen tradi ng days.

Impact
Cement: Down with volumes
THE sharp decline in the output of cement in August may dampen market sentiment for stocks in the sector.

Tata Tea: In search of acquisition gains
THE indications provided by the top management of Tata Tea to the effect that the Tetley brand would also be leveraged to export products other than tea may not have any near-term influence on the stock price.

JK Corp: Low on certainty
THE approval of a restructuring programme by JK Corp to create two focussed entities -- on cement and paper -- may not have any upside potential for the stock.

Stocks
HFCL, Hinduja Finance strike a winning note
EVEN though the markets displayed a firm undertone, the BSE Sensex closed on a sedate note at 4,606.35 points, up 7.70 points (or 0.17 per cent). Most of the software stocks, especially those in the frontline category, shed value on profit taking as inve stors moved towards selective buying in FMCG and agri-business stocks.

Technical Analysis
Restricted movement
TRADING on Wednesday witnessed narrow movement in both the indices. Though the bulls tried to dominate till the mid-session, their advance was restricted by the bears. Bear domination on Thursday would neutralise the current trend of both the indices.

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