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

REUTERS SHOWCASE

Scotland Referendum

Scotland Referendum

Scots vote in record numbers, await independence verdict.  Full Article 

India-US Diplomacy

India-US Diplomacy

Obama to nominate Indian-American Richard Verma as India ambassador - congressional source.  Full Article 

GMR in Nepal

GMR in Nepal

Nepal clears India’s GMR plan for $1.4 bln hydroelectric plant.  Full Article 

LIC on Markets

LIC on Markets

LIC chairman bullish on Indian markets  Full Article 

India Rains

India Rains

Monsoon rains weaken as late retreat looms.  Full Article 

Ellison Quits

Ellison Quits

Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over.  Full Article 

Infosys-Huawei

Infosys-Huawei

Infosys partners with China's Huawei for cloud-based services  Full Article 

Gold Outlook

Gold Outlook

Gold imports seen up, premiums likely to double on festive buying  Full Article 

Trade Dispute

Trade Dispute

U.S. to press India on trade row during Modi's Washington visit  Full Article 

Reuters India Mobile

Reuters India Mobile

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