21.   Hefty tax cuts announced by the government last week had failed to lift sentiment as investors had expected more aggressive measures and an early implementation.

22.   In addition, a new round of earnings results from prominent companies overall were positive but did little to lift market sentiment after investors plunged into their pessimistic mood.

23.   A dealer with a foreign brokerage said even some buying in mid-session by the Unit Trust of India failed to lift sentiment after Deve Gowda deferred the promised announcement.

24.   A rise in key manufacturing output in April after two straight months of decline failed to lift sentiment as the improvement was already projected, dealers said.

25.   A slight fall in French interest rates failed to lift market sentiment.

26.   An announcement made by the US agriculture department, which said that cotton stocks had fallen in the United States, failed to lift market sentiment.

27.   There is talk that supplies might become more scarce in September, which lifted sentiment.

28.   They also said that bid speculation in a number of different sectors served to lift market sentiment.

29.   They said that trade on Wall Street was extremely volatile but they added that the gains at the close of trade had lifted market sentiment in Britain.

30.   Market sentiment was also lifted as dealers were expecting a number of retail groups to make positive statements about the volume of Christmas trade later in the week.