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India Markets Weekahead – An opportunity to ride the rally

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

It was a stupendous week with 4.5 percent gain and the closing at 5879, the highest point for Nifty in 19 months. The week started with positive international cues of a Greek bailout, and was further strengthened with Moody’s confirmation of a stable rating for India.

As I predicted last week, the breakout beyond 5650 was triggered by the government agreeing for a debate and vote on the contentious issue of foreign direct investment (FDI) in retail. The fence sitters didn’t want to miss out on the rally and the short sellers were caught by surprise which led to a big move on Thursday, it being the derivatives expiry day. FIIs continued to pour funds, making India one the most favoured emerging markets in the current calendar year with the tally exceeding US$ 19 billion in foreign inflows.

The trouble shooters in Congress were on an overdrive, cajoling and pacifying the allies as well as the fringe parties. It is widely believed that they agreed to a vote only after being assured of it going in their favour in the lower house of parliament, Lok Sabha. There is still a doubt whether they will be able to push the reform through the upper house, Rajya Sabha, where the UPA allies and other friendly parties fall short of the required number by a whisker.

Will Indian stocks end 2012 on a happier note?

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(Rajiv Deep Bajaj is the Vice Chairman and Managing Director of Bajaj Capital Ltd. The views expressed in this column are his own and do not represent those of Reuters)

The rally in the Indian stock markets, fuelled by the so-called reform announcements, seems to have fizzled out. Frontline indexes have retraced more than 60 percent of the gains made since Sep. 13, 2012, the day the reform measures were made public.

From Bhagalpur to Boisar

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

What is common between the movie “Gangaajal” and the television soap opera “Afsar Bitiya“? It’s Bhagalpur.

India Markets Weekahead – It’s a no trade zone for now

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Indian markets were in a narrow Nifty band of 5550-5650 last week but volatility kept market participants on tenterhooks.

Yet another infructuous parliament session?

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(The views expressed in this column are the author’s own and do not represent those of Thomson Reuters)

The last session of parliament was a washout. The present one looks to be no different going by its chaotic start.

Kasab execution is reminder of Pakistani foot-dragging

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Nearly four years after the horrific Mumbai attacks that left over 160 dead, including six Americans, India put to death the lone surviving gunman, Pakistani citizen Ajmal Kasab.

Kasab hanging a resolute and prudent decision

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

By C. Uday Bhaskar

Ajmal Kasab, the lone surviving Pakistani gunman among the perpetrators of the Nov. 26, 2008 attacks on Mumbai was executed by hanging at Pune’s Yerwada prison on Wednesday, bringing to judicial closure a high-profile case that had generated both anger and anguish in India.

Why online is the right way forward in life insurance

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

Insurance in India is divided into two broad categories — life insurance and non-life insurance (also called general insurance). For the record, most retail non-life products such as health insurance, car insurance and travel insurance are already sold completely online by most insurers.

The year ahead: expectations and apprehensions

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

The economy is presently under stress and there are no indications that recovery is underway in spite of recent reforms announced by the government. India is not alone in under-performance. But it has fared too badly for its own reasons.

Xi Jinping at the helm in Beijing, responsibility looms large

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(The views expressed in this column are the author’s own and do not represent those of Reuters)

The carefully orchestrated and much awaited leadership transition in Beijing was formally concluded on Thursday with the elevation of Xi Jinping as the general secretary of the Communist Party of China.

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