Tuesday, February 20, 2001

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Sensex up 20 points in listless trading
After moving in a narrow band the stock markets ended the day with marginal gains on lack of institutional interest. The bourses opened firm but lost earlier gains as operators were directionless in absence of institutional activity.

Cement counters likely to do well
Sensex managed to gain 20 points on Monday. Counters like Reliance and SBI provided some help. The sentiment for tech counters also improved during the second half of the day. SSI, which was up 8%, triggered a rally in tech stocks.

PSU bank stocks react marginally to rate cut
As expected there was lukewarm response to RBI Governor Bimal Jalan's decision to cut interest rate with select banking stocks like ICICI, SBI and HDFC Bank garnering buying interest.



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