MARKET EYE-Positive opening seen on "cliff" deal optimism

Tue Jan 1, 2013 8:33am IST

Related Topics

* Traders expect Indian shares to edge higher in early trade
after Wall Street rallied on Monday and global equities finished
their best year in the last three as U.S. lawmakers closed in on
a deal to avoid a budget crisis that many fear could cripple the
world economy in 2013. 
* U.S. President Barack Obama said Congress was close to an
agreement that would start chipping away at the deficit without
raising middle-class taxes.  
* Traders say potential rate cut by RBI in January and FII flows
would be key for near term direction.
* Fiscal and economic reforms, disinvestment and IPOs expected
to remain top themes in 2013 for Indian shares. 
* Also on watch, India's current account deficit widened to a
record high of 5.4 percent of GDP in the September quarter as
export growth slowed more sharply than imports, with a similar
gap expected in the December quarter likely to prolong weakness
in the rupee. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:

Economic Survey

Reuters Showcase

Asian Shares

Asian Shares

Oil's drop chills Asian stocks, inflation data boosts dollar  Full Article 

Legal Complaints

Legal Complaints

Government's payday from telecoms auction could be delayed  Full Article 

Rail Budget

Rail Budget

India aims to invest $137 billion in railways in next 5 years  Full Article | Full Coverage 

Gold Market

Gold Market

Gold holds up on Chinese demand, set to snap 4-week losing run  Full Article 

Breakingviews

Breakingviews

StanChart board clearout is only the first step  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage