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

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On the Offensive

DALAL Street presented a very different picture last week. Bulls who had been on the retreat for some time changed their mind and resumed the offensive with their attention concentrated on a few points. THE ground lost over a number of weeks was recovered in as many days. Dalai Street was back again very close to its previous high and it might well have scaled a new high if the steel price rise had not fallen short of the general expectations; the price increase is said to be half of what the industry had asked for. Disappointment over revised steel prices did induce some caution but bulls did not seem unduly perturbed

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