"We have not gone back to OPS. A U-turn is when we go back to the old position. Keeping the logical framework intact, we are giving them options."
As of 11am early trends show that the gap between the NDA & INDI Alliance narrows so are market participants reacting to those early trends. NDA currently show 302 leads whereas INDI Alliance at 207. Nifty is down over 400 points at 22,700 levels while Sensex has taken a nosedive over 1500 points down
Bihar Chief Minister Nitish Kumar today stuck to his viewpoint that the outcome of the Centre's demonetisation exercise was disappointing and denied making any "U-turn" on the issue.
This decision makes the current government a "U-Turn government" as it has earlier strongly opposed FDI in retail, it said.
The CCEA on Thursday will take a call on a new gas price formula, one that hikes gas prices to USD6.77/mmbtu from the current USD 4.2/mmbtu.