Is A Capital Market Cave-In Ahead?

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Liquidity crunch apprehended in April, which could spawn broker crisis
Is a stock market failure on the cards? The thought may sound grim and far-fetched but it may not be far from the truth.
Stock brokers in Mumbai are fearing a severe liquidity crunch in the market beginning April, which may lead to a broker crisis, arising out of distress sale in the end of the current month.
One broker has already closed shop before the crisis could hit him, but the more sanguine
First Published: Mar 17 2003 | 12:00 AM IST