Tuesday, July 4, 2000

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Strong rally in tech stocks shoots Sensex up 96 points
The markets remained strong throughout Monday, mainly on the back of a strong closing on the Nasdaq on Friday. Additionally, Monday being the first day of trading on the new account on the BSE, there was fund-based as well as speculative buying in most of the pivotals.

Sensex may face resistance at 4890 points
Despite much confusion as to which way the market is headed, Sensex closed firm, lending buoyancy for Tuesday. The Index opened at 4847 with a gap on the upside.

Padmini Polymers -- Uptrend to persist continue
On the first day of the relaxed circuit limit of 16 per cent, Padmini Polymers, and Vakrangee were the only two stocks which hit the maximum possible limit.



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