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Saturday, April 07, 2001


	FE EDITORIAL

	Partial reformer No more red-flag waving


	FE ANALYSES

	India can extricate itself from the Dabhol mess Tax breaks don’t equal export growth All going for it but culture?

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Sensex takes cue from US markets, gains 11 points on a lacklustre day
THE ‘Black Friday’ on the stock market was averted after a long time following the sharp rise in the stock price in the US markets. But profit-booking amidst various rumours related to the current stock market crisis restricted the gains.

Undertone to remain bearish
A sharp rally on Nasdaq could only give a good opening to the domestic stocks. The performance, thereafter was far from impressive, especially for the IT counters. Although the index managed to gain 11 points, the damage from the opening prices was substantial and a large number of tech stocks lost nearly 10 per cent from their opening prices on Friday. Whatever gain the index managed was mainly on account of Infosys, Zee Tele and HLL, which showed a positive close.

Scam hits futures market hard; volumes plunge by 70 per cent
THE latest stock market scam could not have come at a worse time for the Indian futures market. While this new-born baby was undergoing teething problems, it has been hit hard by a sharp drop in volumes as panic-stricken investors flee from the bourses.

CSE to introduce online margin collection system
THE Calcutta Stock Exchange will introduce on-line margin collection system to discourage big exposure without proper funds even as the exchange broker members on Friday formed a ‘forum’ to take up their ‘matters’ with the existing committee.

FIIs bullish despite market crisis
NOTWITHSTANDING the bear-run that has taken over the markets in the last one month, foreign institutional investors (FIIs) continue to be bullish.