MARKET EYE-SGX Nifty gains; banking reform, inflation data key

Thu Dec 13, 2012 8:31am IST

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* Nifty futures on the Singapore Exchange 0.19 percent
higher. The MSCI-Asia Pacific index excluding Japan
 is also 0.27 percent up.      
* Asian shares extended gains for a seventh day on Thursday,
after the U.S. Federal Reserve took steps to bolster the
economy, putting the yen under pressure as expectations grow for
more aggressive easing from the Japanese central bank next week.
   
* Foreign investors bought 9.52 billion rupees of stocks, while
domestic institutions sold stocks of 3.65 billion rupees on
Wednesday, when the BSE index fell 0.16 percent.   
* Traders are watching developments around the banking reform
bill and inflation data on Friday for further direction. 

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