John Praveen News
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Indian stocks advanced, paring the weekly decline, led by lenders and carmakers.
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South Korean stocks may extend their longest rally in five years as “modest” increases in interest rates will slow inflation without damaging economic growth, according to Prudential International Investments Advisers LLC.
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John Praveen , the Newark, New Jersey-based chief investment strategist at Prudential International Investments Advisers LLC, which oversees $750 billion in assets, comments on his outlook for Indian stocks. Prudential is a money manager in India through its local unit, Pramerica Asset Managers Pvt. Praveen gave his comments in an e- mail interview.
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The following are the day's top business stories:
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U.S. stocks rose, after yesterday’s drop in the Standard & Poor’s 500 Index, amid speculation the Federal Reserve will act to stimulate the economy.
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U.S. stocks rallied, sending the Standard & Poor’s 500 Index to the biggest advance in three months, amid improving global economic data and on investor speculation of a larger European financial rescue.
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The following are the day's top business stories:
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Indian stocks may gain 10 percent by the end of this year, extending the longest rally since 1979, as an unscheduled rate increase by the central bank won’t derail economic growth, Prudential Financial Inc. said.
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The biggest inflows into India’s bonds and stocks in 17 months are bolstering a rally in rupee- denominated debt and allowing the government to resume sales of stakes in state-run companies.
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Indian stocks advanced for a second time in three days after companies including Sterlite Industries (India) Ltd. and Mahindra & Mahindra Ltd. announced better-than- estimated earnings.
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