Politics
Weakened Congress wondering if early elections will help
The Congress party is debating holding a general election in November, six months ahead of schedule, senior party leaders said, reflecting an internal discussion over whether to pull the plug on the shaky ruling coalition or have it serve a full term. Full Article
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MARKET EYE-BSE above 19,000; Goldman Sachs upgrades Indian stocks
* The BSE index rises 0.83 percent, crossing 19,000 points for the first time since Oct. 5, while the NSE index gains 0.77 percent. * Gains track Asian shares that hit three-week highs on Thursday as sentiment improved after a senior U.S. lawmaker said he was "optimistic" on reaching a budget deal before the end of the year to avoid a fiscal crisis. * Traders say Moody's stable outlook on India has eased potential ratings downgrade worries from S&P and Fitch in the near term. * On Thursday Goldman Sachs upgraded Indian stocks to 'overweight' from 'market-weight', citing growth recovery and inflation moderation ahead. The investment bank pegged December 2013 Nifty target at 6,600 points. * Leading the gains were mortgage lender HDFC, up 2.4 percent; ICICI Bank gains 1.4 percent while Tata Motors is up 3.17 percent. (manoj.dharra@thomsonreuters.com)
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