MARKET EYE-Indian shares range-bound; banks fall, telcos gain
* The BSE index is up 0.1 percent, while the NSE index is flat, after both fell in each of the previous six sessions. * Traders remain cautious ahead of the winter session of parliament set to start on Thursday. The government's will to pass reforms is considered critical to revive stock markets that have faltered over the past month and a half. * Rate-sensitive stocks fall on worries that last week's data showing easing inflation is unlikely to result in a repo rate cut this year. * HDFC is down 0.7 percent, while Axis Bank falls 1.1 percent. * However, telecom stocks extend a recent rally after last week's auction of 2G spectrum fetched lower prices than the government had targeted. * Bharti Airtel gains 2.4 percent, after surging 9.3 percent last week. (firstname.lastname@example.org)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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