Thursday, May 11, 2000

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This week we focus on a complete analysis of the
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Sensex closes 120 pts down; Zee, Satyam, Infosys bear the brunt
There's no end to the market's erratic behaviour. On Wednesday, the volatile nature of the market took its toll on new economy stocks in general and Zee in particular for the latter's inability to meet market expectations in its fiscal 2000 results.

Sensex likely to find support at 4361 level
The Sensex is breathing hard. It opened higher at 4594, some 25 points above the previous close of 4579. But profit-booking struck and values started going down. The only difference was that the market reacted gradually. The intra-day for the index was at 4450 and the market closed with the index at 4459.

Grasim's fourth-quarter result should sustain interest in the stock
Grasim's strong fourth quarter performance in both viscose staple fibre (VSF) and cement should reinforce the trader's faith in this popular stock.



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