Fast track
Opening up to firm trends
CASTROL India, Thomas Cook, Foseco India and Rhone Poulenc have all been attracting intense trading interest over the past fortnight. A common ingredient in all the four stocks is the open offer. BP Amoco has come out with an open offer for Castrol India while the acquirer of its stake in Foseco India would eventually make the open offer for that company.

Impact
Thomas Cook: More interest in store
The change in control at the global level in the parent company of Thomas Cook India may spark some interest in the stock.

Eveready: Low charge
The decision of Eveready Industries to sell more of its tea gardens may not enthuse market sentiment for the stock.

Stocks
VSNL revs up on hopes of divestment
STOCK prices consolidated on Friday, the last day of the settlement cycle at the Bombay Stock Exchange, with select stocks from both technology and non-technology sectors remaining firm. The BSE Sensex gained 0.76 per cent, while the Nifty at the NSE gai ned 0.86 per cent. The technology-heavy Nifty Junior and the S&P CNX 500 gained significantly at 1.66 per cent and 1.45 per cent respectively indicating the appreciation in value of select technology shares such as Wipro.

LYONS RANGE
THE scrips of Zee Telefilms, ACC, Ranbaxy, HFCL, ITC eased somewhat at the Calcutta Stock Exchange on Friday.

Technical Analysis
Uptrend intact
THE uptrend in both the indices remained intact for the eleventh calendar day after Friday's trading. Bulls controlled the day's proceedings. The day's sentiment reading remained strongly in favour of the bulls, providing the necessary support for the s ustainability of the bull trend.

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