Business Sentiment Survey

Shoppers are silhouetted as they stand near a sign advertising a sale at a shopping mall in Mumbai February 11, 2013. REUTERS/Vivek Prakash/Files

Asian businesses optimistic; sentiment in India falls

Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows.  Full Article 

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MARKET EYE-SGX Nifty gains; traders expect consolidation

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Supporters of Bharatiya Janata Party (BJP) perform folk dance at a rally to celebrate party's 33rd foundation day in Ahmedabad April 6, 2013. REUTERS/Amit Dave/Files

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Thu Jan 3, 2013 8:39am IST 

* Nifty futures on the Singapore Exchange gains 0.36
percent. The MSCI-Asia Pacific index, excluding Japan
 is up 0.21 percent.    
* Many Asian stocks started Thursday with mild gains while oil
eased following the previous session's rally as investors look
ahead to negotiations on the U.S. debt limit and spending cuts.
 
* Foreign investors bought 11.07 billion rupees of stocks, while
domestic institutions sold 4.17 billion rupees of stocks on
Wednesday, when India's BSE index rose 0.68 percent.
* Traders expect some consolidation ahead as Indian shares are
looking overbought in the near-term after rallying in 2012.  
* Also on watch, an Indian ministerial panel is likely to meet
on Thursday to discuss the government's plan for the next
airwave auction. (0430 GMT)

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