Lenders Tighten Funding Norms For Ipps In Mp

After four years of a prolonged bearish phase, the meteoric rise of

stock indices in the calendar year 1999 finally brought a smile to

everybody's lips, be it broker, investor or fund manager.

Even more heartening was the fact that few players had expected the

bourses to rally as sharply as they did, especially in the light of

political instability and border skirmishes early on during the year.

While 1998 was dominated by the bears, the year 1999 was marked by a

their near-absence.

Conventional norms of valuation were t