MARKET EYE-SGX Nifty gains; FDI vote in upper house key
* Nifty futures on the Singapore Exchange up 0.2 percent. The MSCI-Asia Pacific index excluding Japan also gains 0.54 percent. * Asian shares ticked up to a 16-month high on Friday following modest overnight gains in global equities as investors watched progress in U.S. budget talks and awaited U.S. non farm payrolls data later in the day. * Foreign investors bought 8.38 billion rupees of stocks, while domestic institutions sold stocks worth 6.62 billion rupees on Thursday, when the BSE index gained 0.49 percent. * Bahujan Samaj Party (BSP), which had abstained in the lower house, said it would support foreign direct investment in supermarkets in a vote on Friday in the upper house of parliament. * Traders say while markets remain susceptible to profit booking after India's benchmark index rose 5.6 percent since Nov. 22, when the winter session of parliament began, vote on FDI remains the key for the near term direction. (firstname.lastname@example.org /; email@example.com)
- Tweet this
- Share this
- Digg this
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.
Trending On Reuters
India's largest carmaker Maruti Suzuki India Ltd posted a smaller-than-expected rise in profit for the third quarter, hit by one-off items including a jump in advertising costs, a higher tax rate and lower income from investments. Full Article | Full coverage