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:

Monetary Policy Committee

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

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