ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Stock Market-Speculation Becomes More Costly

February 13, 1971 THE stock market wore an uneasy look last week. It staged a further retreat under pressure of light but persistent selling which was mostly in the nature of bull liquidation. If last week's performance were to be repeated, the market would have moved very close to its November/December lows which have by now come to be regarded as important support levels. There was no dearth of pleasing corporate news during the week but it brought little cheer to the market. Nor did the market take any serious notice of the crash programme to import steel in large quantities to relieve the shortage which has been seriously hampering production in the engineering industry. The market is oppressed by a number of adverse influences.

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