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

Thu Dec 6, 2012 8:31am IST

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Kishore Pandey, 82, lies on a bed as his daughter, Usha Tiwari, holds him and a priest stands by them (L) at Mukti Bhavan (Salvation House) in Varanasi, in the northern Indian state of Uttar Pradesh, June 19, 2014. REUTERS/Danish Siddiqui

Waiting to die at Salvation House

The city of Varanasi is Hinduism's holiest city and many Hindus believe that dying there and having their remains scattered in the Ganges allows their soul to escape a cycle of death and rebirth.  Slideshow 

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)
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