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

Healthcare Corruption

REUTERS SHOWCASE

Short of Expectations

Short of Expectations

Apple revenue lags Street's view despite strong China growth  Full Article 

Mircosoft Results

Mircosoft Results

Microsoft revenue rises, profit falls as Nokia absorbed  Full Article 

Deal Talk

Deal Talk

Exclusive - Lupin, U.S. firms weigh bids for GSK's mature drugs: sources  Full Article 

Relief For Sahara

Relief For Sahara

Supreme Court could allow Sahara boss to conduct asset sale talks, company says.  Full Article 

Classifying Banks

Classifying Banks

RBI to start announcing too-big-to-fail banks in Aug 2015  Full Article 

Food Scandal

Food Scandal

Starbucks, Burger King dragged in as China food scandal spreads.  Full Article 

Reuters India Mobile

Reuters India Mobile

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