September 11, 2013 / 3:13 AM / 4 years ago

MARKET EYE-SGX Nifty edge lower; FIIs extend buying streak

* Nifty futures on the Singapore Exchange are down 0.46
percent, while the MSCI-Asia Pacific index 
excluding Japan falls 0.23 percent. 
* Asian stocks rose on Wednesday, on track to post their 10th
straight day of gains, while investors gave the safe-haven yen a
wide berth as optimism for the Chinese economy grew and worries
about U.S. military strikes on Syria receded. 
* Foreign institutional investors (FIIs) have bought 50.5
billion rupees ($789.59 million) worth of Indian cash shares in
the previous four sessions.  
* Traders are hoping that after RBI the government will announce
steps over the next few days to curb non-essential imports, with
expectations also growing for a hike in subsidised diesel
prices.
* Also on watch, Indian telecoms minister Kapil Sibal has called
a news conference at 12:45 pm (0715 GMT). 

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

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