MARKET EYE-SGX Nifty edges lower; markets look oversold-traders

Mon Feb 11, 2013 8:27am IST

Related Topics

Stocks

   

* Nifty futures on the Singapore Exchange fell 0.05
percent. The MSCI-Asia Pacific index, excluding Japan 
 down 0.07 percent. 
* With the Lunar New Year holiday shutting most Asian financial
centers, including those in Japan, China, Hong Kong, Singapore
and South Korea, trading was light and potentially volatile on
those exchanges that remained open. 
* Traders say the market looks closer to being oversold after
India's benchmark index fell for a seventh day to mark
its biggest losing streak since November, 2011.
* MCX-SX stock exchange launches equities trading. Volumes will
be watched given its history of competition with the National
Stock Exchange.
* MCX-SX's main stakeholders are the Multi-Commodity Exchange of
India, India's biggest commodity bourse, and Financial
Technologies, which provides trading platforms and
other related technology.
* Earnings On Monday: Oil and Natural Gas Corp Ltd,
Tata Power Co Ltd 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Monetary Policy

REUTERS SHOWCASE

Monetary Policy

Monetary Policy

Fed renews zero rate pledge, but hints at steeper rate hike path.  Full Article 

Eyeing Stocks

Eyeing Stocks

Interview - EPFO chief urges green light to buy stocks  Full Article 

Stimulus Reports

Stimulus Reports

China cenbank injects $81 bln into major banks to support economy - reports  Full Article 

Ranbaxy Investigation

Ranbaxy Investigation

Ranbaxy says U.S. authorities seek information on pricing data.  Full Article 

E-Commerce

E-Commerce

Tiger Global leads $60 million investment in Quikr.  Full Article 

Monsoon Update

Monsoon Update

Delayed retreat of monsoon rains to start this weekend  Full Article 

Financing Deal

Financing Deal

IndiGo agrees $2.6 billion aircraft finance deal with China's ICBC  Full Article 

Grim Outlook

Grim Outlook

Sony deepens loss estimate on struggling smartphone business  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage