ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Stock Market Authorities to Blame

Stock Market Authorities to Blame THE new Samvat Year 2041 would seem to have started on an inauspicious note for Dalai Street. Trading during the special 'moorat' session on October 24 betrayed mainly the aftermath of the sordid ACC bonus issue episode. Apprehensions about payments difficulties as a result of the debacle in ACC shares weighed heavily on the market's mind. While the stock market was still speculating on how the much-feared payments crisis would be resolved it found itself confronted with the stunning news of the assassination of Indira Gandhi who had dominated the Indian political scene for several years. The market was kept closed to mourn the death of Indira Gandhi as also to take stock of the situation created by the marked deterioration in the trading sentiment reflected in the sharp break in the prices of a few popular scrips in kerb deals.

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