MARKET EYE-SGX Nifty up; U.S. 'fiscal cliff' key

Mon Dec 24, 2012 8:52am IST

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Kishore Pandey, 82, lies on a bed as his daughter, Usha Tiwari, holds him and a priest stands by them (L) at Mukti Bhavan (Salvation House) in Varanasi, in the northern Indian state of Uttar Pradesh, June 19, 2014. REUTERS/Danish Siddiqui

Waiting to die at Salvation House

The city of Varanasi is Hinduism's holiest city and many Hindus believe that dying there and having their remains scattered in the Ganges allows their soul to escape a cycle of death and rebirth.  Slideshow 

* Nifty futures on the Singapore Exchange gain 0.5 
percent. The MSCI-Asia Pacific index, excluding Japan 
 is up 0.09  percent. 
* Asian shares steadied in quiet pre-holiday trade after a slump
late last week, but markets have become more jittery about the
risk of the United States failing to avert a fiscal crisis.
    
* Foreign investors bought 1.15 billion rupees of stocks, while
domestic institutions bought 2.58 billion rupees of stocks on
Friday, when India's BSE index fell 1.09 percent.
* Despite the global uncertainty, traders are optimistic on
India shares given the central bank's stance over rates and on
hopes from the next budget.
* Shares are expected to remain volatile this week as markets
head into the last derivatives expiry of 2012 on Thursday.      

 (manoj.dharra@thomsonreuters.com)
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