MARKET EYE-SGX Nifty falls as uncertainty grows over 'fiscal cliff'

Fri Dec 21, 2012 8:37am IST

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* 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.

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