Fast track
Rate cut propels bank scrips
THE market witnessed a lacklustre trend during the past fortnight with investors adopting a defensive strategy by staying with select brick-and-mortar stocks.

Impact
Shree Cement: Stake sale is official
THE confirmation by the top management of Shree Cement that it is looking at roping in an MNC as a strategic partner may lead to continued firm trends in the stock price.

Hindustan Inks: Shuffling of stakes
THE acquisition of stakes by a private company in Hindustan Inks and Resins may leave the valuation of the stock unaffected.

Gillette India: No clean shave
GILLETTE India's decision to defer the announcement of its financial performance for the fourth quarter of 2000 may act as a dampener on the valuation for the stock in the near term.

Stocks
Tech stocks beaten; ACC, L&T surrender gains
THE Bombay Stock Exchange's benchmark index, the Sensex, closed down on Wednesday. It fell 56.99 points (1.31 per cent) to end the day's trading at 4,302.23 from the previous day's close of 4359.22. The decline may be viewed as a reaction to the overnigh t slump in the Nasdaq, which fell by about 4.41 per cent.

Lyons Range
THE stocks of Hindustan Lever and Zee Telefilms moved up slightly at the Calcutta Stock Exchange on Wednesday.

Technical Analysis
Downtrend may continue
ON Wednesday, the bears dominated the market in the first session. Later on, the bulls managed to take over and minimise the losses. The prevailing downtrend in the index remained intact. The sentiment also remained the same, favouring the bears and in s upport of the current trend.

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