Zee, said analysts, was continuing with its momentum from Friday.Software stocks on a roll Software stocks were on a roll on Monday and Wipro attracted a good bit of buying interest on expectations of the company logging around 90 to 100 per cent growth in its results. While there were also rumours of the price of the scrip doubling as a result of its proposed ADR, marketmen were disposed to disregard this. Infosys scrip was also in demand, again on expectations of good results. Satyam was another counter, which saw brisk buying by both operators and foreign funds.

Three's company Operators were otherwise busy on Monday, mopping up SSI Ltd, Global Tele and Himachal Futuristic to some extent. Himachal Futuristic in fact took some battering during the day as the private placement deal between a prominent operator and an FII failed to click. The rumour of the deal has in fact been doing the market rounds for sometime now, and the inability to clinch the deal has resulted in some aloofness by the market.

Dealers said that unles something clear-cut emerges they expect the price of the scrip to be range bound at Rs 1,400-Rs 1,550. In fact there were some operators who shifted their positions from Himachal to Global, sources said.MFs bullish on Raymonds The textiles operations of Raymonds should give the company better discounting on the bourses, after divestment of its cement and steel divisions. Textiles is profitable and the company is expected to repay bulk of its loans from the sale proceeds of the cement, steel divisions. Money from sale of cement business should flow in by end of September this year, say fund managers.