Politics

Supporters holding flags of ruling Congress party leave after attending an election campaign rally by Rahul Gandhi at Hardoi district in Uttar Pradesh January 28, 2012. REUTERS/Adnan Abidi/Files

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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Sensex edges higher; rate-sensitive stocks lead

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Traffic travels past the Bombay Stock Exchange (BSE) building in Mumbai December 17, 2007. REUTERS/Punit Paranjpe/Files

Traffic travels past the Bombay Stock Exchange (BSE) building in Mumbai December 17, 2007.

Credit: Reuters/Punit Paranjpe/Files

Mon Dec 17, 2012 10:23am IST

Reuters Market Eye - The BSE Sensex is up 0.11 percent while the Nifty gains 0.03 percent.

Interest-rate sensitive stocks gain ahead of Reserve Bank of India's policy review on Tuesday.

ICICI Bank (ICBK.NS) is up 1.08 percent, while Maruti Suzuki (MRTI.NS) gains 2.1 percent.

Although the RBI is not expected to ease policy then, traders said the central bank could cut the cash reserve ratio or sound more dovish on inflation.

Hopes parliament will approve the Banking Amendment bill this week also seen helping shares: Union Bank of India (UNBK.NS) rises 1.81 percent, while Bank of India (BOI.NS) is up 1.13 percent.
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