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UPDATE 2-India's shares surge; govt seen committed to reforms
* BSE gains 2.2 pct up, NSE rises 2.5 pct * Fin Min slashes tax on overseas borrowing * Investors hopeful of additional reforms (Updates closing share prices, adds quote, recasts throughout) By Manoj Dharra and Abhishek Vishnoi MUMBAI, Sept 21 - Indian stock indexes rose over 2 percent on Friday to their highest since July 2011 after the government announced new measures on overseas borrowing, bolstering confidence about its resolve to continue undertaking long-await
Indian FX/debt factors to watch - Sept 21
GLOBAL MARKETS ROUNDUP * Asian shares and the euro steadied on Friday as markets consolidated after recent sharp moves triggered by central banks' stimulus steps, with weak data giving no clear signs about the likelihood of another steep downturn in growth or a solid pickup. * The euro nursed losses on Friday, having suffered its biggest one-day fall in over a month after a batch of surveys showed euro zone business activity remained weak despite the European Central Bank's recent bold
21 Sep 2012
RPT-MARKET EYE WEEKAHEAD-Confidence in reforms driving Indian stocks
(Repeats to fix formatting with no changes to text) * Indian stock investors head to a new week on a roll after a slew of big ticket reforms has sent indexes to their highest since July 2011. * India is set to announce additional measures, with investors hoping most for a hike in foreign direct investment limits in the insurance sector, reforms in the goods and services tax, and a debt restructuring for state electricity boards. * Politics will also be important after key ally Trinamool Congre
21 Sep 2012
MARKET EYE WEEKAHEAD-Confidence in reforms driving Indian stocks
* Indian stock investors head to a new week on a roll after a slew of big ticket reforms has sent indexes to their highest since July 2011. * India is set to announce additional measures, with investors hoping most for a hike in foreign direct investment limits in the insurance sector, reforms in the goods and services tax, and a debt restructuring for state electricity boards. * Politics will also be important after key ally Trinamool Congress withdrew its support to the ruling coalition, alt
21 Sep 2012
Indian shares rallies to 14-mth highs as reforms continue
MUMBAI, Sept 21 - Indian stock indexes rose over 2 percent on Friday to their highest since July 2011 after the government announced new measures on overseas borrowing, bolstering confidence about its resolve to continue undertaking long-awaited reforms. Infrastructure shares gained after Finance Minister P. Chidambaram announced a cut in the withholding tax, which had first been proposed in the annual budget in March. Larsen & Toubro gained 3.84 percent. India's benchmark BSE
21 Sep 2012
UPDATE 2-India's Reliance Comm raises call prices, shares rise
* Reliance Comm ups prices by 25 pct, to extend to all zones in 30 days
21 Sep 2012
India's NSE index gains over 2 pct; banks rally
MUMBAI, Sept 21 - India's NSE index rose more than 2 percent on Friday on hopes the government will retain the support of the Samajwadi Party, a key ally, and announce additional reform measures, including allowing more foreign investment in the insurance sector.
21 Sep 2012
MARKET EYE-India's Amara hits record on Nomura's 'buy' rating
* Amara Raja Batteries gains 7.4 percent to 404.00 rupees as of 0603 GMT after Nomura initiates the auto and industrial batteries maker at "buy" with a target price of 547 rupees. * Shares had earlier hit a record high of 412.50 rupees. * Nomura says Amara Raja to benefit from increased demand from battery replacements from autos purchases in fiscal 2010 to fiscal 2011, when auto sales grew at a compound annual growth rate of 27 percent. * Amara Raja's industrial batteries also expected to benef
21 Sep 2012
MARKET EYE-Indian shares up; further reform hopes
* The BSE index gained 1.39 percent in early trading, while the 50-share NSE index rose 1.46 percent. * India formally opened its supermarket sector to foreign chains and eased foreign investment rules in airlines and broadcasters, the government said on Thursday. * Pantaloon Retail India Ltd rose 6.8 percent, while Trent Ltd was up 4.15 percent. * Despite the current political instability, investors are hoping the government will go through with reforms and that the pace will continue. *
21 Sep 2012
MARKET EYE-Pantaloon gains on formal opening of FDI in superm
* Shares in Pantaloon Retail gained 7 percent after India formally opened its supermarket sector to foreign chains. * India on Thursday formally implemented a spate of reforms unveiled late last week aimed at reviving growth and staving off a credit rating downgrade. * Pantaloon Retail had fallen 7.5 in the previous two sessions on worries the government would roll back FDI measures. * Among other retail stocks, Shoppers Stop gained 2.6 percent while Trent rose 4.7 percent. (