MARKET EYE-SGX Nifty flat; Bharti Infratel debuts
* Nifty futures on the Singapore Exchange unchanged. The MSCI-Asia Pacific index, excluding Japan gains 0.43 percent. * Bharti Infratel Ltd debuts after raising about $760 million in India's biggest IPO in two years. Traders expect shares to come under pressure due to concerns about the outlook for mobile tower operators. * Foreign investors sold 1.33 billion rupees of stocks, while domestic institutions bought 1.33 billion rupees of stocks on Thursday, when India's BSE index fell 0.48 percent. * Traders expect market to trade in a narrow range, with select oil marketing companies shares to be traced on talks of hike in diesel prices.
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Prime Minister Narendra Modi may consider using an executive order to push through laws overhauling the insurance and coal sectors, if the increasingly fractious parliament fails to pass them soon, two government officials said on Friday. Full Article