Friday, June 2, 2000

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Think Tank
This week we focus on a complete analysis of the
mergers and acquisitions industry
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FIs may not sell BSES stake to Reliance
Financial institutions (FIs) are unlikely to sell their stake in BSES to Reliance. Institutional sources say as the enterprise value of BSES is much higher than the open offer price of Rs 234, it would be difficult to consider selling the stake.

Five-day rally ends as Sensex sheds 108 pts to close at 4100
Reeling under selling pressure in almost all the pivotal counters, the markets ended the 5-day upward journey. Although old economy stocks as a group were the worst hit, a number of technology stocks also closed substantially lower.

Go long once Sensex crosses 4550 points
As expected, on account of selling pressure at higher levels, values showed a decline from their respective peak. The impact on Sensex was predictable. It fell by 107 points.


  Aurobindo Pharma -- Strong on fundamentals

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