MARKET EYE-SGX Nifty falls on liquidation talk, Fed minutes
* Nifty futures on the Singapore Exchange down 0.6 percent, while the MSCI-Asia Pacific index, excluding Japan fell 1.44 percent. * Asian shares fell and the Australian dollar eased on Thursday as risk sentiment was shaken by talk in global markets overnight that a hedge fund had been liquidating large positions in commodities, as well as worries the Federal Reserve could slow its bond buying programme. * Foreign investors bought 4.33 billion rupees of stocks, while domestic institutions sold 5.91 billion rupees of stocks on Wednesday, when the BSE index rose 0.04 percent. * Shares are expected to be range-bound until the 2013-14 budget is unveiled on Feb. 28. The budget session of Indian parliament begins. (email@example.com /; firstname.lastname@example.org)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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India's largest carmaker Maruti Suzuki India Ltd posted a smaller-than-expected rise in profit for the third quarter, hit by one-off items including a jump in advertising costs, a higher tax rate and lower income from investments. Full Article | Full coverage