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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Adani Project

Adani Project

Australia approves Adani's $16 bln Carmichael coal project  Full Article 

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Paring Debt

Paring Debt

Jaiprakash to sell hydro plants to Reliance Power  Full Article 

Nifty Falls

Nifty Falls

The broader index hits lowest in nearly a week on profit taking  Full Article 

Mideast Conflict

Mideast Conflict

U.N. Security Council calls for humanitarian ceasefire in Gaza  Full Article 

Market Eye

Market Eye

Foreign investors prefer Indian cyclicals, utilities - Macquarie  Full Article 

Debt Investment

Debt Investment

India's FII debt limit hike credit-positive, says Moody's  Full Article 

Reuters India Mobile

Reuters India Mobile

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