MARKET EYE-SGX Nifty gains on China, US data

Mon Dec 10, 2012 8:36am IST

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* Nifty futures on the Singapore Exchange up 0.3
percent. The MSCI-Asia Pacific index excluding Japan
 also gains 0.37 percent.    
* Asian shares crept higher on Monday as investors took heart
from economic data from China and the United States that raised
hopes about the outlook for growth in the world's top two
economies.   
* Foreign investors bought 6.48 billion rupees of stocks, while
domestic institutions sold stocks worth 7.98 billion rupees on
Friday, when the BSE index fell 0.32 percent.
* Market participants say trend remains bullish although some
argue that the reform optimism-led buying may give way to a
technical correction. 
For graphic: link.reuters.com/quj54t 

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