MUMBAI, May 18 (Reuters) - Indian shares are set to soar on
Monday, after a decisive election victory for the ruling
coalition boosted hopes for a stable government that would push
reforms to lift sagging growth. [ID:nBOM477019]
Nifty futures traded in Singapore SINc1 were up 11.6
percent by 0314 GMT, pointing to a higher opening in India.
[ID:nSP479964]
Prime Minister Manmohan Singh's left-of-centre coalition
won a second term after a clear victory in the general
election. For related stories, please see [IN-VOTE].
The Congress party-led coalition may look at stake sales in
state firms to fund its development programmes and repair a
bruised economy. [ID:nDEL468397]
Asian markets were trading lower on Monday, with Japan's
Nikkei .N225 down 2.9 percent, while MSCI's measure of other
Asian markets .MSCIAPJ fell 1.4 percent.
The 30-share BSE index .BSESN rose 2.53 percent, or
300.51 points, to 12,173.42 on Friday.
--------------------MARKET SNAPSHOT AT 0317 GMT--------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 882.88 -1.14% -10.190
USD/JPY JPY= 94.75 -0.24% -0.230
10-YR US TSY YLD US10YT=RR 3.103 -- -0.031
SPOT GOLD XAU= 929.5 -0.13% -1.200
US CRUDE CLc1 56.3 -0.07% -0.040
DOW JONES .DJI 8268.64 -0.75% -62.68
ASIA ADRS .BKAS 104.94 0.08% 0.08
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