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.