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FM ADVOCATES FOR RATING UPGRADE FOR ECONOMY—STOCK MARKET
       
There is strong case for rating upgrade of Indian economy by global rating agency on the back of increasing investments, declining import of gold and government’s commitment to fiscal prudence.  The expert in stock market and those who trade in nifty consider it a strong move which will boost up confidence of retail investors in the stock market.  The issue of rating upgrade was raised by FM officials at a meeting with the rating agencies.  The ministry expressed confidence that current account deficit (CAD) will surely come down as oil prices are stable and the rupee has been range bound.  Moreover, the cabinet committee on investment has also approved projects worth Rs 70000 crore in three months time.
In general the infrastructure and in particular the cement industry and steel industry will have positive impact.  The government has set up CCI under PM Manmohan singh, in December last year to accord fast track clearances to mega projects.  The experts in stock market and intraday traders in nifty consider it long term healing effect for the nifty trading system.
The rating agencies were impressed upon by the resolution of the government to follow the path of the financial prudence and bring down the fiscal deficit to 3 per cent of GDP by 2016- 17.  The Budget has proposed to bring down the fiscal deficit to 4. 8 per cent from 5. 2 per cent in current year.  Besides several reforms initiative like, liberalizing FDI norms for various sectors, including multi- brand retail.  These all factors will let the stock market bounce back in the long run with both intraday traders and investors make a good use of time.  The best intraday trading software also sees it minutely and will forecast buy and sell signal for its subscribers.  Let us hope all well if it ends well.


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