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:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Earnings Season

Earnings Season

Reliance Q4 sales rise, refining margin narrows.  Read 

Innovative Solution

Innovative Solution

Turning smog into jewels - a Dutch designer's solution to Beijing's pollution.  Video 

Insider Trading

Insider Trading

Rajaratnam's brother loses bid to dismiss insider trading charges.  Full Article 

Literary Giant Dies

Literary Giant Dies

Mourning and memories in Gabriel Garcia Marquez's languid hometown.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

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