Thursday, May 4, 2000

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Think Tank
This week we focus on a complete analysis of the
subsidies industry
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Sensex claws back from 10-mth low, ends day 37 points lower
A remarkable recovery in the markets after hitting a low of 4109-level has rekindled hopes of better days ahead among market players, though they continue to be cautious about the volatility.

Sensex has no support level, may fall further
It was a violent day at the bourses. The markets opened deep down at 4201, a straight drop of 171 points from the previous close. But within the first half hour prices surged as smart traders rushed in to pick at the exaggerated bottom level.

CMC -- Low downside risk makes it attractive
CMC Ltd has posted sales of Rs 457.92 crore in 1999-2000 as compared to Rs 338.22 crore in the previous year. This translates into a 36% jump in sales and is an improvement over the first-half figures.



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