MARKET EYE-SGX Nifty edges higher; budget key

Mon Feb 25, 2013 8:42am IST

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* Nifty futures on the Singapore Exchange rose 0.15
percent. The MSCI-Asia Pacific index excluding Japan  
 rose 0.06 percent.    
* Asian shares edged higher on Monday, with investors still
picking up shares battered by last week's steep plunge, while
the yen fell to fresh lows on news a reflationary advocate could
head the Bank of Japan next month. 
* Foreign investors bought 2.8 billion rupees of stocks, while
domestic institutions sold 3.5 billion rupees of stocks on
Friday, when the BSE index fell 0.04 percent.   
* Indian markets will be closely monitoring the 2013/14 budget
for the next fiscal year to be announced on Feb. 28.

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