India's Nifty Fifty Index was up Monday on optimism over the swearing in of new Prime Minister Narendra Modi,63,who is seen as business-friendly.On Tuesday,Mr.Modi will have bilateral meetings with foreign leaders who are attending the ceremony,most notably with Pakistani Prime Minister Nawaz Sharif,whose presence at the event is unprecedented.Relations between the neighbouring countries have traditionally been tense.*
The MSCI Asia-Pacific index rose 0.29% in early Monday trading.US markets are closed for Memorial Day,which is considered the first of the summer holidays.Shanghai copper gained on declining stockpiles of the metal.*
Thailand's military coup received the approval of King Bhumibol.The army will name an interim premier today.At least hundreds of protestors demonstrated against the regime in the streets of Bangkok.*
In sport,Australia's Adam Scott won the Crowne Plaza Invitational at The Colonial in Fort Worth,Texas.The World Number One shot a nine under par 66 and beat American Jason Dufner in a playoff.He is the first person to win the Texas grand slam-all four PGA tournaments played in Texas.Scott is playing in The Memorial Tournament in Dublin,Ohio this week.
At the Formula One Monaco Grand Prix,AMG Petronas Mercedes continued its sweep of the series as teammates Nico Rosberg of Germany and Great Britain's Lewis Hamilton took first and second,respectively.Red Bull Racing's Daniel Ricciardo of Australia won the third spot in the royal box,while his teammate,the reigning World Champion Sebastian Vettel,retired with mechanical problems.
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