Winter session of parliament in focus for investors

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 Sensex 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: Monday: Two-day RBI-Asian Development Bank conference. Thursday: Winter session of parliament begins. Friday: Bank credit, forex reserves data.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture