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

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Corporate Sector-Inventory Norms and Facts

November 5-12, 1983 say. That all the three major institutions should have made their appearance on the market scene simultaneously is capable of different interpretations. It could well be a rare instance of sound market judgment and perfect sense of timing. But there is also the distinct possibility of an unseen government hand behind this. The argument runs that the government which had been endeavouring to create a congenial investment climate to enable the private corporate sector to raise more and more funds from the capital market had been feeling rather uneasy over the continuing slide down in equity prices in face of its reassuring assessment of the economic prospect following the highly satisfactory progress of monsoon. It got over-worried after the market's adverse reaction to the take-over of 13 textile mills. Institutional support had to be invoked to stem the rot. This has proved to be richly rewarding.

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