MARKET EYE-SGX Nifty gains; pharma stocks in focus

Fri Nov 23, 2012 9:03am IST

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Stocks

   

* Nifty futures on the Singapore Exchange rise 0.21
percent. The MSCI-Asia Pacific index excluding Japan
 is also up 0.4 percent. 
* Asian shares ambled higher on Friday and were on course for a
weekly gain of more than 2 percent, their best in two months,
after manufacturing surveys from China and the United States
raised hopes that the global growth outlook is improving at
last. 
* Foreign investors bought 1.83 billion rupees, while Domestic
institutions sold 1.64 billion rupees of stocks on Thursday when
the BSE index rose 0.31 percent.
* Pharmaceutical shares will be in focus, as India approved a
new drug pricing policy designed to increase the number of drugs
deemed essential that are subject to price caps, two ministers
told reporters. 
* India's cabinet approved on Thursday a 9.5 percent government
stake sale in state-run power producer NTPC Ltd, a
minister told reporters, to help rein in its ballooning fiscal
deficit. 
* Investors will watch Hindustan Copper Ltd shares a
day after it sets floor price for share sale at 155 rupees a
share. Hindustan Copper shares closed at 266.15 rupees on
Thursday. 

 (manoj.dharra@thomsonreuters.com)
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