MARKET EYE-SGX Nifty gains after Bernanke reassures

Wed Feb 27, 2013 8:33am IST

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* Nifty futures on the Singapore Exchange rose 0.3
percent. The MSCI-Asia Pacific index, excluding Japan  
 rose 0.5 percent. 
* Asian shares rebounded on Wednesday as U.S. equities rose on
solid data and the Federal Reserve's affirmation of its
commitment to monetary stimulus, but investors remained wary of
political gridlock in Italy reigniting the euro zone financial
crisis. 
* Foreign investors bought 0.74 billion rupees of stocks, while
domestic institutions sold 1.60 billion rupees of stocks on
Tuesday when the BSE index fell 1.64 percent.
* The Indian government will present an annual report on the
health of the economy, which is battling the worst slowdown in a
decade. (0530 GMT)

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