MARKET EYE-SGX Nifty gains; winter parliament session key

Thu Nov 22, 2012 8:35am IST

Related Topics

* Nifty futures on the Singapore Exchange rise 0.18
percent. The MSCI-Asia Pacific index excluding Japan  
 is up 0.75 percent.               
* The yen falls to a 7-1/2-month low versus the dollar, lifting
Japan's Nikkei share average to a six-month high, on mounting
expectations of aggressive policy action under a likely new
government. 
* Asian stocks outside Japan are also in demand and investors
will focus on HSBC China flash PMI for November due later on
Thursday to see whether a low point for China, the world's
second largest economy, is over.  
* Foreign investors bought 1.82 billion rupees of stocks on
Wednesday, when the BSE index rose 0.72 percent.  
* Investors seem to be pinning their hopes on the government
being able to gain some traction on bills to liberalise the
insurance, pension and banking sectors during the winter session
of parliament which begins on Thursday.
* Public sector stocks also on watchlist after India is to allow
state-run Life Insurance Corp (LIC) to triple the maximum stake
it can hold in other companies to 30 percent in a move seen as
helping a government sell-off of its own holdings in a range of
firms. 

 (abhishek.vishnoi@thomsonreuters.com; +91 22 61807225; Reuters
Messaging: abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Public Health

REUTERS SHOWCASE

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Airtel Profit Jumps

Airtel Profit Jumps

Bharti Q2 net profit more than doubles   Full Article 

Leisure Riding

Leisure Riding

Harley-Davidson woos affluent young Indians with bike culture  Full Article 

Maruti Earnings

Maruti Earnings

Maruti Suzuki net profit up 29 percent, beats estimates.  Full Article 

ICICI Results

ICICI Results

ICICI Bank Q2 profit up 15 percent, beats estimates.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

End Of QE

End Of QE

U.S. Fed ends bond buying, exhibits confidence in U.S. recovery.  Full Article 

Cook Comes Out

Cook Comes Out

Apple's Cook: "I'm proud to be gay"  Full Article 

Refining Margins

Refining Margins

BPCL aims to double refining margins with refinery expansion.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage