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:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Republic Day

Reuters Showcase

RK Laxman Dead

RK Laxman Dead

'Common Man' cartoonist RK Laxman dead at 93  Full Article 

Banking Revolution

Banking Revolution

India turns to corner shops, mobile phones for banking revolution.  Full Article 

Nuclear Group

Nuclear Group

China urges India to take steps to satisfy standards of NSG  Full Article 

Gold Market

Gold Market

Chinese gold demand holds up ahead of holiday, Indian buying weak  Full Article 

India-U.S. Relations

India-U.S. Relations

Column - U.S. and India should join to balance China's rise  Full Article 

Padma Bhushan

Padma Bhushan

India honours Bill Gates with civilian award  Full Article 

Fashionable Modi

Fashionable Modi

When Modi met Obama, his name was all over - his suit  Full Article 

New Greek PM

New Greek PM

Greek leftist Tsipras sworn in as PM to fight bailout terms  Full Article 

Australian Open

Australian Open

Venus fireworks illuminate Australia Day  Full Article 

Reuters India Mobile

Reuters India Mobile

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