MARKET EYE-SGX Nifty flat; ICICI Bank earnings eyed
* Nifty futures on the Singapore Exchange down 0.05 percent. The MSCI-Asia Pacific index excluding Japan was 0.48 percent lower. * Asian shares pulled back from recent rallies on Thursday but optimism about global growth supported sentiment as the Federal Reserve kept its stimulus policy, while euro steadied on signs the region was stabilising from the debt crisis. * Foreign investors bought 9.06 billion rupees of stocks while domestic institutions sold 10.95 billion rupees of stocks on Wednesday, when the BSE index rose 0.07 percent. * Volatility cannot be ruled out as the January series derivatives end on Thursday while third-quarter earnings of large banks including ICICI Bank and Punjab National Bank would decide the direction of the index. (firstname.lastname@example.org; email@example.com)
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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.
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U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies. Full Article | Slideshow