MARKET EYE-SGX Nifty gains; oil stocks on watch

Fri Jan 18, 2013 8:34am IST

Related Topics

Stocks

   

* Nifty futures on the Singapore Exchange rose 0.3 
percent. The MSCI-Asia Pacific index, excluding Japan 
 was up 0.45 percent. 
* Asian shares edged higher on Friday, tracking overnight gains
in global equities markets after firm U.S. data signalled
strength in the world's largest economy, lifting sentiment ahead
of a batch of economic indicators from China later in the day
 
* Foreign investors bought 5.64 billion rupees of stocks while
domestic institutions sold 5.19 billion rupees of stocks on
Thursday, when India's BSE index rose 0.74 percent.
* Traders say oil stocks would be on watch as India's government
told fuel retailers to raise the prices of subsidised diesel in
small amounts every month starting Friday in an attempt to prop
up public finances without causing a popular backlash before
elections. 
* Earnings on Friday: Wipro, ITC, Reliance
Industries, HDFC Bank Ltd.

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

Economy

REUTERS SHOWCASE

RBI Annual Report

RBI Annual Report

RBI reiterates commitment to bring down inflation .  Full Article 

Economic Pulse

Economic Pulse

Economy to grow 5.8 pct in 2014/15, says Mayaram.  Full Article 

Monsoon Update

Monsoon Update

Monsoon to display lull as floods ease.  Full Article 

Regulatory Troubles

Regulatory Troubles

U.S. regulator alleges Dr Reddy's breached packaging rules  Full Article 

Defence Sector

Defence Sector

Indian firms tool up for defence orders on Modi's 'buy India' pledge  Full Article 

Factory Activity

Factory Activity

Economy fears deepen as August HSBC flash PMI at three-month low  Full Article 

Fed Minutes

Fed Minutes

Fed notes labor market progress, but not convinced yet - minutes  Full Article 

Reuters India Mobile

Reuters India Mobile

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