MARKET EYE-SGX Nifty falls; stocks seen weak until budget

Fri Feb 22, 2013 8:34am IST

Related Topics

* Nifty futures on the Singapore Exchange fall 0.2 
percent, while the MSCI-Asia Pacific index excluding Japan  
 rises 0.3 percent. 
* Asian shares edged higher on Friday, recouping the previous
day's steep losses, as investors reassessed the Federal
Reserve's commitment to its current accommodative policy while
weak U.S. and European data clouded growth prospects, limiting
gains. 
* Foreign investors bought 12.13 billion rupees of stocks, while
domestic institutions sold 2.28 billion rupees of stocks on
Thursday, when the BSE index fell 1.62 percent.  
* India's austerity push in a budget to be unveiled on Thursday
threatens to have the unintended impact of adding to
inflationary pressure, hampering chances for rapid interest rate
cuts that the government wants, central bank officials told
Reuters. 
* Shares are expected to remain under pressure until the 2013/14
budget is unveiled on Feb. 28, dealers said. 

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

Monetary Policy Committee

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

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