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

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Gross Inadequacies

Gross Inadequacies D P Sharma THE stock market scene has undergone a perceptible change since about middle of Setpember. Bullish fervour which had reached a feverish pitch has cooled off quite a bit, the mood of unbounded optimism giving way to a distinct feeling of caution and hesitancy. Most equity price indices recorded their all-time highs on September 16 which have not been repeated so far. After making a few abortive bids to move beyond the September 16 high the market has been inclined lower with intermittent rallies induced mainly by occasional institutional purchases and some short covering.

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