P Chidambaram’s finance portfolio going to Prime Minister Manmohan Singh and he will work as Home Minister, will boost investors'' confidence and stock markets will take it positively, bankers, analysts, investors said on Nov 30. A cross-section of bankers and market experts feel that Chidambaram taking charge of the critical ministry, should boost the investors'' confidence and they hoped that financial markets should bounce back.
Some others felt that shuffling would not make much difference and the markets will essentially follow the global market, which closed the week on a high. The market should bounce back. Prime Minister (who according to reports is expected to keep the Finance) has a proven track record of being a good Finance Minister and with the UPA top guy Chidambaram taking over the Home Ministry, the investors'' confidence will improve, Taurus Mutual Fund Managing Director R K Gupta said.
UCO Bank''s CMD S K Goel said, "Today the priority is internal security and Chidambaram being a competent person would restore the confidence of the common man in the government will boost investors'' confidence and stock markets will take it positively, bankers, analysts, investors said on Nov 30. A cross-section of bankers and market experts feel that Chidambaram taking charge of the critical ministry, should boost the investors'' confidence and they hoped that financial markets should bounce back.
Some others felt that shuffling would not make much difference and the markets will essentially follow the global market, which closed the week on a high. The market should bounce back. Prime Minister (who according to reports is expected to keep the Finance) has a proven track record of being a good Finance Minister and with the UPA top guy Chidambaram taking over the Home Ministry, the investors'' confidence will improve, Taurus Mutual Fund Managing Director R K Gupta said.
UCO Bank''s CMD S K Goel said, "Today the priority is internal security and Chidambaram being a competent person would restore the confidence of the common man in the government will boost investors'' confidence and stock markets will take it positively, bankers, analysts, investors said on Nov 30. A cross-section of bankers and market experts feel that Chidambaram taking charge of the critical ministry, should boost the investors'' confidence and they hoped that financial markets should bounce back.
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