MARKET EYE-SGX Nifty falls; earnings remain key

Wed Jan 16, 2013 8:29am IST

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A statue of the Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* Nifty futures on the Singapore Exchange falls 0.25 
percent. The MSCI-Asia Pacific index, excluding Japan 
 was flat.  
* Asian shares erased modest gains to edge lower on Wednesday as
cautious investors waited for more clues about the global growth
outlook, while a pause in the yen's declines spurred profit
taking in Japanese equities after their recent rally.  
  
* Foreign investors bought 10.77 billion rupees of stocks, while
domestic institutions sold 7.56 billion rupees of stocks on
Tuesday, when India's BSE index rose 0.4 percent.  
* Until the central bank policy review on Jan. 29, analysts
expect earnings to remain the key drivers for Indian shares.
* Bajaj Auto, India's No.2 motorcycle maker and the
world's largest three-wheeled vehicle company, to report its Q3
results on Wednesday.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
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