India Fund-A Trend-Setter

Good Shares in Short Supply Still THE stock market scene has undergone a profound change. Not only is there no trace of the feeling of diffidence and uneasiness that had characterised trading since about the beginning of June but the market has developed remarkable strength and renewed buoyancy. The change has been quite dramatic. The market wore a depressed look until the close of the trading session on July 15 but it presented an altogether different picture thereafter, with equity price indices registering one of their sharpest three-day rise. Dalai Street led the way up. Between July 16 and 18, the Financial Express equity price index for Bombay rose by 4.5 per cent and the all-India index went up by 3.9 per cent. The rise in certain scrips was indeed staggering, hectic buying being prompted by certain special considerations. Inquiries with stockbrokers indicated a very substantial increase in speculative activity and a considerable broadening of interest in cash scrips.