MARKET EYE-SGX Nifty falls as uncertainty grows over 'fiscal cliff'
* Nifty futures on the Singapore Exchange falls 0.52 percent. The MSCI-Asia Pacific index, excluding Japan is down 0.68 percent. * Asian shares slid on Friday after a Republican proposal to fend off a U.S. fiscal crunch failed to get enough support, deepening uncertainty over prospects for the negotiations to avert automatic spending cuts and tax increases set to start in January. * Foreign investors bought 4.66 billion rupees of stocks, while domestic institutions sold 4.44 billion rupees of stocks on Thursday, when India's BSE index fell 0.11 percent. * Dealers say with parliament's winter session over, the rally's extension would not depend on how well RBI manages slowing growth and sticky inflation. (email@example.com /; firstname.lastname@example.org)
- Tweet this
- Share this
- Digg this
Trending On Reuters
The recent market correction was overdue. A further correction would be an opportunity for those who missed the rally in the past few months. The markets could get a reality check next year and consolidate before the next big movement. I still believe PM Modi will not fritter away his mandate and deliver on his promise, albeit with a delay, writes Ambareesh Baliga. Article