Lukewarm response to IT 'Asia
Nasscom-Mait-CII-IT Asia '99 opened to a lukewarm response on Friday in spite of the joint effort of the three top industry associations.

"There could be some nasty surprises in the pharmaceutical sector
Ramachandran, head of research, Birla Marlin Securities Ltd, continues to be bearish as he sees no major revival in the economy. Contrary to market expectations, he doubts the sustainability of the growth witnessed in pharma stocks and says there could be some nasty surprises in store for investors.