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Sensex poised crucially
Mumbai:
The markets remained lacklustre for the major part of Tuesday's trading as activity in software counters remained subdued. However, pharma and cement stocks had firmed up during the day, with L&T leading the rally in the latter segment. The Sensex opened marginally higher and mostly remained in the positive teritorry. At the final count, the sensex was up 42 points at 4,887.06.

According to dealers, the sudden activity in pharma counters was mainly due to speculative reasons. Dr Reddy's, Sun Pharma, Cipla, Aurobindo Pharma, Ipca Lab were major gainers. According to dealers, now that the software stocks have shown some gains, operators are eyeing pharma counters. On the other hand, cement counters firmed up taking a cue from the Dow Jones, which had gained moer than 100 points in Monday's shortened trading on the NYSE.

Among the pivotals, Reliance, HLL, and ITC remained firm. L&T, ACC, and Ranbaxy also showed smart gains.
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domain - B : Indian business : News Review : 5 July 2000 : capital market