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

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Fear of Profit Squeeze

Fear of Profit Squeeze AS share prices were still plunging a fortnight after the union budget was tabled in parliament, the market assumed a posture that is quite the opposite of what Morgan Stanley, the promoter of India Magnum Fund in the international markets, has projected with the presentation of a supposedly growth-plus budget. Is it that the market is being hypersensitive in seeing it all blue still, or simply that Morgan Stanley is hyped as so often international agencies are by freer growth government policies which the latest budget has further outlined with proposals of tariff cuts together with lower excise duties for industrial goods and products?

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