Is The Worst Over

Is The Worst Over?
NISHTAR THE stock market continued to have an uneasy time last week, reflecting mainly anxiety over the recent developments on the Sikkim border. Equities moved up and down, depending on the border news. While stock exchange operators did not seem unduly perturbed by the Chinese firing and Peking's threat to use the air force, they were not inclined to share the Prime Minister's view that the recent clashes in the Nathu La area were just a 'local incident', With both bears and bulls reluctant to extend their commitments in a big way, the turnover last week was restricted and fluctuations were confined within a narrow range. Caution was the keynote of trading and the general tendency was rather subdued.