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MARKET EYE-SGX Nifty falls ahead of derivatives expiry, GDP data
May 30, 2013 / 2:57 AM / 4 years ago

MARKET EYE-SGX Nifty falls ahead of derivatives expiry, GDP data

* Nifty futures on the Singapore Exchange are 0.16
percent down and the MSCI-Asia Pacific index excluding Japan
 is 0.44 percent lower.     
* Asian shares and the dollar were pressured on Thursday,
undermined by an overnight pullback in global equities as
investors assessed the implications of a potential softening of
the Federal Reserve's massive monetary stimulus programme. 
   
* Foreign institutional investors were net buyers of 6.43
billion rupees of stocks on Wednesday, provisional exchange data
showed.   
* Trading may remain volatile ahead of the expiry of May
derivatives contracts later in the day, with investors also
watching January-March economic growth data due on Friday.   
* India's economic growth probably nudged up in the three months
to March from a near four-year low the previous quarter, a
Reuters poll showed on Tuesday, suggesting a gradual turnaround
from a prolonged slowdown.          
* Also on watch, March-quarter earnings from Mahindra and
Mahindra Ltd, DLF Ltd, Tata Power Company Ltd
.

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

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