MARKET EYE-SGX Nifty gains; traders remain cautious

Wed Feb 6, 2013 8:42am IST

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* Nifty futures on the Singapore Exchange rose 0.2
percent. The MSCI-Asia Pacific index, excluding Japan
 rose 0.3 percent.                
* Asian shares recovered on Wednesday as solid euro zone data
calmed nerves jarred by potential political turmoil derailing
the region's efforts to resolve its debt crisis, while the
prospect of a dovish new governor for the Bank of Japan weakened
the yen.       
* Traders say lack of meaningful triggers ahead of budget should
keep markets in a consolidation mode.
* Also on watch, the first day of the Reserve Bank of India's
central board meeting in eastern city of Guwahati Feb 6-7. 
* Earnings: Cipla, Tech Mahindra  

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