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Journalism of Courage
Sensex jumps 265 points
MUMBAI: Shrugging off pre-poll nervousness, stock markets on Thursday greeted the victory of the BJP-led coalition with a scintillating rally with stocks and indices vaulting to new peaks. Bulls ran amok taking the Sensex to an all-time high of 4985.15, just 15 points short of the magical figure of 5,000.
Pressler waived
WASHINGTON: The US House-senate conference committee today agreed to a waiver of the Pressler amendment and other laws, paving the way for resumption of American arms sale to Pakistan. The decision, seen as a triumph for Pakistan, is believed to sweeten the signing of the CTBT for the Sharif government.
Moody8217;s rating
NEW YORK: Moody8217;s Investors Service today said it raised the outlook to positive from stable for India8217;s BA2 rating on foreign and domestic currency debt. Moody8217;s pointed out that the country8217;s balance of payments was quot;resilientquot; through the Asian and Russian crises.
