MARKET EYE-SGX Nifty up; earnings key

Wed Jan 9, 2013 8:58am IST

Related Topics

Stocks

   

* Nifty futures on the Singapore Exchange up 0.06
percent. The MSCI-Asia Pacific index, excluding Japan
 is up 0.35 percent. 
* Asian shares inched up on Wednesday but the upside was limited
as investors waited warily for the corporate earnings season to
kick off in full force, preferring in the meantime to book
profits from a sharp rally at the start of the year.         
* Foreign investors bought 8.87 billion rupees of stocks, while
domestic institutions sold 10.28 billion rupees of stocks on
Tuesday, when India's BSE index rose 0.26 percent.
* Traders say third-quarter earnings would be a key focus in the
near term, but don't expect any material positives. However, any
hint of positive earnings from IT major Infosys on Friday will
set a positive tone for the markets.
* Indusind Bank reports December quarter earnings
later in the day.
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-WTO Row

REUTERS SHOWCASE

Market Eye

Market Eye

Nifty falls most in nearly 3-1/2 weeks; Sensex down over 400 points  Full Article 

Factory Activity

Factory Activity

Factories post fastest growth for 17 months in July  Full Article 

Paying for Bail

Paying for Bail

Jailed Subrata Roy gets office to negotiate hotel sales.  Full Article 

Rupee Dips

Rupee Dips

Rupee posts biggest weekly loss since record lows in August.  Full Article 

Reviving Infosys

Reviving Infosys

CEO Sikka says to improve business with new growth avenues  Full Article 

Outlook Slashed

Outlook Slashed

ArcelorMittal cuts outlook as ore prices hit mining  Full Article 

Re-gaining Momentum

Re-gaining Momentum

China, Asian factory growth gathers pace; Europe falters  Full Article 

Factory Lockout

Factory Lockout

Pfizer says threats to managers force staff lockout at Mumbai factory .  Full Article 

Gold Smuggling

Gold Smuggling

In cat-and-mouse game, India uncovers new gold smuggling route.  Full Article 

Reuters India Mobile

Reuters India Mobile

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