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Gap up opening seen; but FPIs hold the key - The Hindu BusinessLine


Gap up opening seen; but FPIs hold the key
March 01, 2021
Investors would closely track bond yields, geopolitical tensions and inflation data for further market direction
Global and Asia-Pacific markets point to a strong opening for Indian markets. SGX Nifty, which is ruling at 14,751, points to at least a 200-point gap-up opening for Nifty. The Nifty March futures on Friday crashed almost 4 per cent to close at 14,578.
Asia Pacific markets too opened with sharp gains. Key markets such as Japan, China, Australia and Hong Kong are up between 1 and 2 per cent.
Foreign fund flows will continue to dictate the market direction, said market experts. In one of the biggest pull-outs in recent times, FPIs on Friday (net) sold shares worth ₹8,295 crore. The market crashed almost 4 per cent. ....

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Fiscal reforms a must to underpin growth


Fiscal reforms a must to underpin growth
09:00 | 10/02/2021
Despite no signs of an end to the pandemic, the government is expecting a growth rate of 6.5 per cent this year. Francois Painchaud, resident representative of the International Monetary Fund in Vietnam, writes about what the country should do to achieve its 2021 target, especially in terms of fiscal and monetary policies.
Francois Painchaud, resident representative of the International Monetary Fund in Vietnam
Vietnam took decisive steps to contain the COVID-19 pandemic, which helped limit the health and economic fallout from the health crisis. Swift introduction of containment measures combined with aggressive contact tracing, targeted testing, and isolation of suspected cases helped contain new infections. Fiscal policy also provided support to vulnerable households and businesses. ....

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