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

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STOCK MARKET-Waiting for the Budget

from the late fifties had marked a sharp reversal of the course of world affairs, their recent coming together actually fits in rather snugly with current international trends. Both the Soviet Union and China have made it clear that they have very high stakes in the reduction of international tensions and also that they are determined to further strengthen their economic links STOCK MARKET Waiting for the Budget AFTER staging an impressive recovery between January 25 and 31 which lifted equity price indices to within striking distance of their mid-November all-time highs the market has been drifting irregularly lower under light but persistent bear pressure and precautionary bull unloading. Institutional investors have generally been off the market, picking up now and then a few select scrips in a small way. While bears appear to have been gambling mainly on political uncertainty in the wake of increasing dissidence within the Congress(I), bulls have been inclined to lighten their commitments largely because of the proximity of the union budget and related uncertainties.

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