21. Old economy stocks got most of the attention, though. 22. Old economy stocks were again in the doldrums. 23. On Wall Street, growing anticipation that the Federal Reserve will cut interest rates for a sixth time this year to revive the U.S. economy helped lift stocks higher. 24. With telecommunications, media and technology sectors faltering, investors appeared to be switching into old economy stocks. 25. He said institutional activity was also low even in blue chip old and new economy stocks. 26. Investors sought selected old economy stocks which have either announced or are expected to announce strong quarter-to-December performances, he added. 27. A few old economy stocks saw moderate purchases as investors shifted portfolios after the Infosys results. 28. Dealers said in old economy stocks, state-owned oil refiners and banking shares saw active sell-offs. 29. Dealers said the broad market was largely lacklustre, with some moderate buying in a few selected old economy stocks. 30. Dealers said apart from technology counters, old economy stocks were also sought as part of an overall rally. |