Indian Oil Corporation-A Year of Progress and Success-Statement of the Chairman, Shri N N Kashyap, ICS

outnumbered the gains. While the market exhibited very little of its previous week's bullish fervour, it continued to be in good temper.
Considering the preceding sharp upswing, technical considerations favoured a pause. But that was not perhaps the only reason why the market seemed inclined to mark time. For many wondered whether the market had done the right thing in completely ignoring a number of disturbing factors within the country. The cotton textile industry in Bombay is beginning to feel the impact of power cut. The jute THE following is the Statement of the Chairman Shri N N Kashyap, ICS, at the Annual General Meeting of the Corporation held on November 16.