MARKET EYE-SGX Nifty gains; traders expect consolidation

Mon Jan 7, 2013 8:43am IST

Related Topics

Stocks

   

* Nifty futures on the Singapore Exchange gain 0.21
percent. The MSCI-Asia Pacific index, excluding Japan
 is up 0.03 percent.      
* Asian shares outside Japan edged up on Monday, supported by
data showing the U.S. economy continuing on a path of slow but
steady recovery that had pushed Wall Street stocks to a
five-year high.  
* Foreign investors bought 11.64 billion rupees of stocks, while
domestic institutions sold 8.25 billion rupees of stocks on
Friday, when India's BSE index rose 0.1 percent.
* Indian shares are expected to remain in a narrow range ahead
of the October-December quarterly results from IT bellwether
Infosys Ltd on Friday, which will kick off the
earnings reporting season. 
* The market to also keep an eye on the Reserve Bank of India's
Deputy Governor K.C. Chakrabarty and finance ministry officials'
pre-budget discussion with bankers and representatives of
financial institutions in Delhi. (0630 GMT) 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Republic Day

Reuters Showcase

RK Laxman Dead

RK Laxman Dead

'Common Man' cartoonist RK Laxman dead at 93  Full Article 

Banking Revolution

Banking Revolution

India turns to corner shops, mobile phones for banking revolution.  Full Article 

Nuclear Group

Nuclear Group

China urges India to take steps to satisfy standards of NSG  Full Article 

U.S. Blizzard

U.S. Blizzard

Northeast U.S. braves 'crippling' blizzard, transit systems shut.  Full Article 

No Layoffs

No Layoffs

IBM dismisses Forbes report of massive layoffs.  Full Article 

Padma Bhushan

Padma Bhushan

India honours Bill Gates with civilian award  Full Article 

Fashionable Modi

Fashionable Modi

When Modi met Obama, his name was all over - his suit  Full Article 

Spielberg Speaks

Spielberg Speaks

Spielberg: 70 years after Holocaust Jews still face anti-Semitism.  Full Article 

Photo

Australian Open

Sharapova schools Bouchard to advance in Melbourne   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage