MARKET EYE-SGX Nifty gains; September-quarter GDP key

Fri Nov 30, 2012 8:33am IST

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* Nifty futures on the Singapore Exchange rise 0.37
percent. The MSCI-Asia Pacific index excluding Japan
 is up 0.65 percent.     
* Asian shares edged up on Friday on expectations a deal will
eventually be reached to avoid a U.S. fiscal crisis, but
investors wary about taking big positions before the year-end
likely to take profits on rises and buy on dips.    
* Foreign investors bought 15.80 billion rupees of stocks, while
domestic institutions sold 8.96 billion rupees on Thursday, when
the BSE index rose 1.75 percent. 
* The Indian government bowed to intense opposition pressure and
agreed on Thursday to a vote on its decision to let foreign
supermarkets set up shop in India, taking a major step towards
ending a deadlock that has paralysed parliament for days.
 
* Traders awaiting September-quarter gross domestic product
data, due to be released at 0530 GMT on Friday, with growth seen
slowing to its lowest in nearly a decade for the year ending in
March. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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