MARKET TODAY
Key benchmark indices are likely to see huge gap-up today after a decisive election victory for the ruling coalition boosted hopes for a stable government that would push reforms to lift sagging growth. SGX Nifty futures for May 2009 series traded in Singapore were up 424 points to 4109 also pointed to higher opening. The Congress party-led coalition may look at stake sales in state firms to fund its development programmes and repair an elicited economy. The market will now keenly watch as to who gets the key economic ministries viz. finance, commerce & industry etc.
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