The Left parties are likely to announce withdrawal of their support today. While this may be factored in, future events on the political front need to be watched. The key indices may have ended positive but bulls still appear to be lacking in confidence. Much of the action will be seen in New Delhi though. The Prime Minister has announced that the Government will approach the IAEA for India-specific safeguards agreement soon. The IAEA is to meet on July 28 to consider the India proposal. The Prime Minister also says that he is ready for a trial of strength in parliament and that elections will happen as per schedule.
Tuesday, July 8, 2008
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