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Tuesday, July 1, 2008
Good news for stock market if UPA gov survives
Dr.Manmohan singh may survive the floor test in parliament if left parties withdraw support to the UPA gov because of the new emerging sitation.Samajwadi party of Mulayam has come forward to support if is is satisfied with the deal.It is a decision to checkmate Mayawathi gov in UP.But the UPA still needs some more MPs to cross the 272 mark.Since many MPs would want to complete the full term it is possible they extend their tacid support to the gov.So there may not be an early election this year.All depends on Mulyayam's decision.Whatever it is stable gov is a good news for stock markets.