November 16, 2012 / 10:44 AM / 5 years ago

MARKET EYE WEEKAHEAD-Parliament holds key for Indian shares

* Stock investors in India have their sights fully on the winter
session of parliament set to start on Thursday. 
* The government's will to pass reforms is considered critical
to revive stock markets that have faltered over the past
month-and-a-half.
* The benchmark BSE index rallied 7.7 percent in
September when the government announced a slew of measures,
including opening up the multi-brand retail sector to foreign
investment, that don't require parliament's approval.
* However, worries about implementation and the uncertain
passage in parliament of other key measures, such as foreign
direct investment in pension and insurance, have contributed to
a 2.4 percent fall in the BSE index since the start of October. 
* On the global front, developments in the euro zone as well as
on the U.S. "fiscal cliff" could also weigh on sentiment. 
    
KEY FACTORS/EVENTS TO WATCH:
Mon: Two-day RBI-Asian Development Bank conference 
Thurs: Winter session of parliament begins
Fri: Bank credit, forex reserves data. 

 (abhishek.vishnoi@thomsonreuters.com)

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