MARKET EYE-SGX Nifty up on Cyprus deal, easing of FII rules in debt

Mon Mar 25, 2013 8:42am IST

Related Topics

Stocks

   

* Nifty futures on the Singapore Exchange rose 0.84
percent, while the MSCI-Asia Pacific index excluding Japan   
 is up 0.97 percent. 
* The euro and Asian shares rose on Monday after Cyprus did a
last-ditch deal with international lenders for a 10 billion euro
($13 billion) bailout hours before a deadline to avert a
financial collapse on the Mediterranean island. 
* Foreign investors sold 0.14 billion rupees of stocks, while
domestic institutions sold 1.35 billion rupees of stocks on
Friday, when the BSE index fell 0.3 percent.
* India will ease restrictions for foreign institutional
investors in federal and corporate bonds next month to attract
inflows and help fund a widening current account deficit,
Finance Minister P. Chidambaram said on Saturday.
 
* Analysts say easing rules for foreign investors in government
bonds and corporate bonds is a positive for Indian shares. Rate
sensitives and high-beta stocks such as State Bank of India
 are expected to gain.

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

Economic Pulse

Reuters Showcase

Reaction to Budget

Reaction to Budget

India budget unlikely to impact credit rating - agencies  Full Article 

PMI Data

PMI Data

Factory activity growth slows to five-month low in Feb  Full Article 

Documents Leaked

Documents Leaked

Indian Oil suspends official for leaking information - sources  Full Article 

Coal Auction

Coal Auction

India examines coal mine bids amid reports of discrepancies  Full Article 

Ola Buys Rival

Ola Buys Rival

Ola buys rival TaxiForSure for $200 million  Full Article 

Priority Sector

Priority Sector

RBI revises priority sector lending norms  Full Article 

Global Economy

Global Economy

Global stimulus swells as China eases, ECB to start soon on QE  Full Article 

Steel Industry

Steel Industry

Steelmakers hit by uncertainty over import duty hike   Full Article 

HP Buys Aruba

HP Buys Aruba

HP to buy Wi-Fi gear maker Aruba Networks for $2.7 billion  Full Article 

Reuters India Mobile

Reuters India Mobile

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