MARKET EYE-SGX Nifty gains; vote on FDI in upper house key

Thu Dec 6, 2012 8:31am IST

Related Topics

Dec 6 (Reuters) - * Nifty futures on the Singapore Exchange
 up 0.22 percent. The MSCI-Asia Pacific index excluding
Japan also gains 0.13 percent.  
* Asian shares were steady near 16-month highs on Thursday,
supported by hopes that U.S. lawmakers will reach a compromise
to avoid the so-called fiscal cliff of year-end tax hikes and
spending cuts which threaten to push the U.S. economy back into
recession. 
* Foreign investors bought 8.78 billion rupees of stocks, while
domestic institutions sold stocks worth 6.39 billion rupees on
Wednesday, when the BSE index gained 0.23 percent.
* India's fragile ruling coalition won a vote on allowing
foreign supermarkets to operate in Asia's third-largest economy
on Wednesday, in a key test of support for Prime Minister
Manmohan Singh and his flagship economic reform. 
* On Friday, the upper house will vote on the same issue. There
the government has fewer seats and is likely to lose the
symbolic motion. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:

Reuters Showcase

Markets Weekahead

Markets Weekahead

Column - Caution advised in a trader’s market  Full Article 

Reuters Poll

Reuters Poll

RBI seen holding rates steady on Tuesday, minority of analysts expect cut  Full Article 

GDP Revised

GDP Revised

Economic growth revised up by almost 50 percent  Full Article 

Australian Open

Australian Open

Hingis wins Australian Open mixed doubles title with Paes   Full Article 

Houston's Daughter

Houston's Daughter

Bobbi Kristina Brown revived after found unresponsive in tub  Full Article 

India Art Fair

India Art Fair

Art fair turns India's capital into art hub.  Full Article 

Movie Review

Movie Review

"Rahasya" is an ode to Agatha Christie.  Full Article 

Review: Hawaizaada

Review: Hawaizaada

Movie Review: Hawaizaada  Full Article | Related Story 

Reuters India Mobile

Reuters India Mobile

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