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

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Out of Joint

Out of Joint EQUITY prices in the Indian stock markets have been subdued for the last two months. The Bombay Stock Exchange's 30-share sensitive index (base: 1978-79= 100) eased up after touching a peak of 4,630.5 on September 12 and touched a low of 4,274.7 on October 28, a loss of 356 points or 7.7 per cent. After hectic trading in the blue chips, market operators apparently shifted their attention to some of the cash scrips. But, as in the case of the so-called 'sensex', the national index (base: 1983-84 = 100) reached a peak of 2,175.5 on September 13 and has declined steadily since then to reach 2.025.4. a fall of 6.9 per cent. The BSE's newly introduced 200-share index (base: 1989-90 = 100) registered a sharper fall from 526.3 on September 14 to 478.5 on October 28, that is, by 9.1 per cent, and the so-called dollex" (base: over the same period. The daily turnover on the BSE has come

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