Global Markets

Specialist trader Jason Hardzewicz (L) talks on the phone on the floor at the New York Stock Exchange, May 22, 2013. REUTERS/Brendan McDermid

Markets face rough summer ride

For the past few months, the U.S. Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing fewer bonds mean that trading is likely to get bumpier in coming months.  Full Article 

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MARKET EYE-SGX Nifty gains tracking Asian peers

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Wed Jan 30, 2013 8:28am IST 

* Nifty futures on the Singapore Exchange rose 0.21
percent. The MSCI-Asia Pacific index excluding Japan 
 was up 0.55 percent.            
* Asian shares inched up on Wednesday, cautiously awaiting local
corporate earnings reports and the U.S. Federal Reserve's
monetary policy decision due later in the session, while taking
comfort from improving global economic prospects. 
* Foreign investors bought 8.99 billion rupees of stocks while
domestic institutions sold 9.38 billion rupees of stocks on
Tuesday, when the BSE index rose 0.56 percent. 
* Reserve Bank of India will hold its post-policy
tele-conference with economists and analysts after cutting its
key repo rate, for the first time in 9 months, as well as the
banks' cash reserve ratio. (0900 GMT)

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