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

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Will Stock Market Measure Up

THE stock market is in a sober mood. While it has had its usual ups and downs, it has, of late, been operating on a rather low key. Badly bruised in their recent skirmishes, neither bulls nor bears have been disposed to assume an aggressive posture. It is not only speculative activity that has shrunk to relatively small proportions but there has also been a noticeable decline in business in cash scrips. Inquiries with a cross-section of the stockbroking community indicate a marked decline in public participation in speculative as well as new issue activity: The mania for new issues has subsided. Shares of new companies floated by reputed managements which commanded fancy premiums until about the middle of February can now be had at a little above par. Not many issues can claim to have evoked really overwhelming public response and quite a few issues have not been fully subscribed. There are instances of new issues which had been oversubscribed being quoted below par.

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