Lyons Range ends year 2000 on better note

By A Special Correspondent

CALCUTTA, DEC. 31. The Calcutta Stock Exchange witnessed a modest recovery in share prices by the close of last week after starting on a depressing note with share prices sinking further in early dealings due to extended selling pressure. The recovery was helped by fair sized bear covering which was in evidence during the last three sessions.

This pulled back several shares to levels prevailing at the close of the previous week and in some cases gains were also noticed. The CSE's 40-share index recovered to 1929.47 on December 29 from 1899.16 on December 22.

The recovery has, however, been more due to bear covering than new buying which remained at an appallingly low level because of the year-end considerations on the part of foreign institutional investors.

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Section  : Business
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