MARKET EYE-SGX Nifty gains; Gujarat election results awaited

Thu Dec 20, 2012 8:36am IST

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Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

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* Nifty futures on the Singapore Exchange gain 0.06
percent. The MSCI-Asia Pacific index, excluding Japan 
 is down 0.14 percent. 
* Asian shares paused on Thursday after rallying to their
highest in nearly 17 months the day before, as talks to avert a
U.S. fiscal crisis stalled - prompting worries of the world's
largest economy sliding back into recession. 
* Foreign investors bought 12.45 billion rupees of stocks, while
domestic institutions sold 3.69 billion rupees of stocks on
Wednesday, when India's BSE index rose 0.57 percent.
* Traders expect rally in rate sensitives to continue alongside
value buying in technology stocks. 
* The result of the Gujarat state election will be announced on
Thursday. (roughly 0530 GMT onwards).
* India's upper house of parliament will consider amendments to
the banking bill on Thursday afternoon.

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