Putin India Visit, Dec. 6 -- Indian stock markets are likely to have a positive impact by the Vladimir Putin's India visit. The Russian President and PM Narendra Modi used their annual summit on Friday to announce a major expansion of bilateral cooperation, aiming to diversify trade well beyond oil and defence. The meeting came as the US renewed pressure on India to reassess its long-standing ties with Moscow amid efforts to advance a Ukraine peace deal.

"While the India-Russia partnership provides structural long-term positives for several sectors and supports a more diversified strategic footprint for India, the delayed India-US trade agreement is a moderating factor that markets will watch closely. The net effect, for now, is construc...