MARKET EYE-SGX Nifty gains; traders expect consolidation
* 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) (email@example.com /; firstname.lastname@example.org)
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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.
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U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies. Full Article | Slideshow