MARKET EYE-SGX Nifty edges higher; budget key for near term

Fri Feb 15, 2013 8:36am IST

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* Nifty futures on the Singapore Exchange was 0.17
percent up. The MSCI-Asia Pacific index excluding Japan 
 was 0.07 percent higher.       
* Asian shares eased on Friday with investors turning cautious
as weak euro zone growth data presaged the G20 meeting in this
session and on Saturday in Moscow. 
* Foreign investors bought 3.21 billion rupees of stocks, while
domestic institutions sold 2.48 billion rupees of stocks on
Thursday, when the BSE index fell 0.57 percent. 
* With Q3 earnings season almost over, traders speculate over
whether the budget would be populist or pragmatic, in the
backdrop of increasing deficit.

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