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

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POWER EQUIPMENT-Favouring the TNCs

STOCK MARKET Strong Fundamentals AFTER beating a sizeable retreat from its all-time high registered towards the end of April, the stock market has again been in clined upward since the beginning of June, By May 31, the BSE sensitive index and national index had retraced 59 per cent and 49.3 per cent respectively of the ground gained in the preceding January- April upswing. The retracing by the Financial Express equity price index for Bombay had been 51.2 per cent and that for all-India index 38.8 per cent. The May- end lows have not been repeated so far (June 14). The market has staged quite an impressive recovery instead. In a matter of few days, the BSE sensitive index and national index have recovered 37,6 per cent of the ground lost in the preceding decline. The recovers in terms of the Financial Express indices has been 38.7 per cent for Bombay and 37.8 per cent for the all-India index.

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