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Sunday, January 23, 2000

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Think Tank
This week we focus on a complete analysis of the
internet backbone industry
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Sensex up 67 pts; Infosys rebounds
The Sensex showed an impressive rally of 67.25 points on Friday with reasonably strong buying support from domestic institutions such as Unit Trust of India, Life Insurance Corporation and mutual funds while foreign institutional investors played a supporting role.

Market braces up for budget; Sensex likely to move sideways
On Friday, the BSE Sensex closed at 5423 points. The week ended with a net loss of 50 points over the close of the previous week. The index was largely confined in a range during the week and the volatility during the week was largely contained.

Outlook is positive for the software sector; RIL poised for a sharp rally
It was Infosys, ITC, and Reliance Industries which helped the sensex stage a rally on Friday. Thanks to all these counters, the sensex managed to remain above its short-term support of 5530 points. However, on weekly basis, the sensex showed a fall of 44 points.



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