Unrelieved Gloom

Unrelieved Gloom Nishtar FRUSTRATED by the receding prospect of early resumption of forward trading and tormented by thoughts or a radical Budget and possible implications of the recent curbs on advances against shares, the stock market presents a picture of unrelieved gloom. Though it has been under no serious pressure, the market has continued to beat a gradual retreat over the past few weeks. At its last week's low it stood very close to its August low the decisive penetration of which can have serious trend implications. In its mood of despair, the market has taken no notice of favourable corporate news which has been plentiful. Nor has it derived any cheer from the optimistic reckoning of the economic prospect by knowledgeable spokesmen