MARKET EYE-SGX Nifty falls tracking weakness after China PMI

Fri Feb 1, 2013 8:35am IST

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Polluted waters of China

Polluted waters of China

Growing cities, overuse of fertilizers, and factory wastewater have degraded China's water supplies to the extent that half the nation's rivers and lakes are severely polluted.  Slideshow 

* Nifty futures on the Singapore Exchange are down 0.1
percent. The MSCI-Asia Pacific index excluding Japan
 falls 0.07 percent.   
* Asian shares wipe earlier gains on Friday as a tepid Chinese
manufacturing report dents sentiment, leaving investors on
tenterhooks ahead of U.S. nonfarm payroll data due at 1330 GMT.
        
* Earnings on Friday: Bharti Airtel, Jet Airways
, Bharat Heavy Electricals Ltd and IDFC Ltd
. 
* India will launch a 10 percent stake sale in state-run Oil
India Ltd on Friday that could raise up to $550
million, as part of the government's divestment programme.
 

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