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Apr 7, 2014

Five key challenges a Modi government would face

NEW DELHI/MUMBAI (Reuters) – From convincing sceptical bond investors that the fiscal deficit can be contained to concerns that El Nino will devastate agricultural crops, any new government in India will face urgent and critical challenges with no easy solutions.

Expectations the Bharatiya Janata Party (BJP) and its leader Narendra Modi will win elections that started this week with a new approach to India’s economic problems have helped send shares to record highs and the rupee to an eight-month peak.

Apr 7, 2014

Five key challenges a Modi government would face in India

NEW DELHI/MUMBAI, April 8 (Reuters) – From convincing
sceptical bond investors that the fiscal deficit can be
contained to concerns that El Nino will devastate agricultural
crops, any new government in India will face urgent and critical
challenges with no easy solutions.

Expectations the Bharatiya Janata Party (BJP) and its leader
Narendra Modi will win elections that started this week with a
new approach to India’s economic problems have helped send
shares to record highs and the rupee to an eight-month
peak.

Mar 7, 2014

Sensex, Nifty rally to record highs; ICICI jumps 7 percent

MUMBAI (Reuters) – The Nifty rose to a record high, and the benchmark BSE Sensex hit its record for a second consecutive session, as foreign investors bet big in a country that just months ago was gripped by market turmoil.

The broader Nifty all-time high above 6,500 points, although the benchmark BSE Sensex got there first, hitting a record high on Thursday and again on Friday.

Mar 7, 2014

Indian shares rally to record as foreign investors buy big

MUMBAI, Mar 7 (Reuters) – India’s NSE index rose as much as
1.2 percent to a record high, and the benchmark BSE index hit
its record for a second consecutive session, as foreign
investors bet big in a country that just months ago was gripped
by market turmoil.

The broader NSE’s all-time high of 6,477.55 points,
surpassed its previous high of 6,415.25 hit on Dec. 9, although
the benchmark BSE got there first, hitting a record
high on Thursday and again on Friday.

Feb 26, 2014

NSE launches VIX futures as election jitters grow

MUMBAI (Reuters) – The National Stock Exchange on Wednesday launched trading of futures tied to its VIX volatility index, known as the “fear gauge,” providing a key hedging tool against uncertainty ahead of general elections and weaker global market sentiment.

Trading was active with 1.2 billion rupees worth of contracts trading at 12:00 p.m.

Feb 26, 2014

India’s NSE launches VIX futures as election jitters grow

MUMBAI, Feb 26 (Reuters) – India’s National Stock Exchange
on Wednesday launched trading of futures tied to its VIX
volatility index, known as the “fear gauge,” providing a key
hedging tool against uncertainty ahead of general elections and
weaker global market sentiment.

Trading was active with 1.2 billion rupees ($19.36 million)
worth of contracts trading as of 0630 GMT.

Feb 4, 2014

Indian shares rebound from 4-mth low on value-buying

MUMBAI, Feb 4 (Reuters) – Indian shares bounced back from a
nearly four-month low hit earlier on Tuesday, erasing losses of
more than 1 percent, as some blue chips such as ITC recovered on
value-buying after the indexes had fallen in six out of seven
previous sessions.

Despite a late recovery, the benchmark BSE index is
still down 5.4 percent since its record close on Jan. 23,
roughly the start of an emerging market shakeout driven by fears
of an economic slowdown in China and the Federal Reserve’s
gradual wind down of monetary stimulus.

Feb 4, 2014

Sensex falls to four-month low as FIIs head for the exits

MUMBAI (Reuters) – The BSE Sensex and Nifty fell to their lowest in nearly four months on Monday, with indexes breaking below key support levels, as blue chips such as Tata Consultancy Services were routed in heavy selling by foreign investors exiting emerging markets.

The BSE Sensex fell 1.2 percent and is down 6.6 percent since its record close on January 23, roughly the start of an emerging market shakeout driven by fears of an economic slowdown in China and the Federal Reserve’s gradual wind down of monetary stimulus.

Feb 4, 2014

Indian shares fall to 4-mth low as foreign investors head for the exits

MUMBAI, Feb 4 (Reuters) – Indian shares fell to their lowest
in nearly four months on Monday, with indexes breaking below key
support levels, as blue chips such as Tata Consultancy Services
were routed in heavy selling by foreign investors exiting
emerging markets.

India’s benchmark BSE index fell 1.2 percent and is
down 6.6 percent since its record close on Jan. 23, roughly the
start of an emerging market shakeout driven by fears of an
economic slowdown in China and the Federal Reserve’s gradual
wind down of monetary stimulus.

Jan 31, 2014

U.S. should be mindful of global policy impact: Rajan

MUMBAI (Reuters) – The United States should be more aware of how its policies affect the rest of the world, the Reserve Bank of India (RBI) chief said on Friday, a day after complaining that global monetary policy coordination had broken down.

Raghuram Rajan, a former chief economist at the International Monetary Fund, took charge at the RBI last September during the country’s worst financial crisis since 1991.

    • About Rafael

      "Rafael Nam is the Chief Markets Correspondent for India, overseeing markets and chat room coverage across stocks, debt and fixed income. He has recently started tweeting at @rafaelnam"
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