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

Fri Dec 7, 2012 8:34am IST

Related Topics

* 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.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Adani Project

Adani Project

Australia approves Adani's $16 bln Carmichael coal project  Full Article 

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Paring Debt

Paring Debt

Jaiprakash to sell hydro plants to Reliance Power  Full Article 

Nifty Falls

Nifty Falls

The broader index hits lowest in nearly a week on profit taking  Full Article 

Mideast Conflict

Mideast Conflict

U.N. Security Council calls for humanitarian ceasefire in Gaza  Full Article 

Market Eye

Market Eye

Foreign investors prefer Indian cyclicals, utilities - Macquarie  Full Article 

Debt Investment

Debt Investment

India's FII debt limit hike credit-positive, says Moody's  Full Article 

Reuters India Mobile

Reuters India Mobile

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