MARKET EYE-SGX Nifty falls ahead of RBI policy review

Tue Jan 29, 2013 8:30am IST

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Stocks

   

* Nifty futures on the Singapore Exchange fell 0.16
percent. The MSCI-Asia Pacific index excluding Japan 
 was up 0.68 percent.           
* Asian shares rose on Tuesday after solid U.S. data, but 
investors remained cautious ahead of more U.S. economic reports 
and a Federal Reserve policy decision later in the week that may
offer clues to the Fed's stimulus plans.  
* Traders keenly eyeing the Reserve Bank of India's
third-quarter review of the monetary policy for gauging the
near-term direction of the stocks.
* India's central bank is widely expected to make a modest cut
in interest rates on Tuesday to support an economy set for its
slowest growth in a decade, with a deeper cut unlikely due to
worries over the fiscal and external deficits and inflation.
 
* Earnings on Tuesday: Idea Cellular, Reliance Capital
Ltd and Sterlite Industries (India) Ltd 

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