WRAPUP 1-India to push ahead with reforms; welcomes inflows

* India welcomes foreign inflows

* Stocks surge as fiscal stimulus to remain in place

* Govt to move SBI, insurance, pension reform bills-official

* No move to allow foreign firms in multi-brand retail

By Rajesh Kumar Singh and Tony Munroe

NEW DELHI, Nov 4 (Reuters) - India will push ahead with financial sector reforms, which will not destablise growth, and can absorb a welcome rise in foreign investment flows, a top policy adviser said on Wednesday.

Indian stocks .BSESN rallied 3.3 percent amid a global rally, a day after the finance minister said fiscal stimulus measures would remain in place to ensure economic recovery.

Montek Singh Ahluwalia, deputy chairman of the Planning Commission and a close aide to the prime minister, also said food price inflation was a concern but it should moderate by the end of this year.