July 16, 2012 / 3:13 AM / 5 years ago

MARKET EYE-SGX Nifty edges higher; inflation key

* The Nifty futures in Singapore Exchange rose 0.26
percent, while the MSCI Asia-Pacific index excluding Japan 
 rose 0.3 percent.             
* Asian shares extended their rally on Monday as fears of an
economic hard landing in China subsided, with last week's softer
growth data within expectations and Premier Wen Jiabao on Sunday
raising the prospects of more policy stimulus if needed.
 
* Provisional exchange data showed foreign investors were buyers
of stocks worth 2.81 billion rupees on Friday, when the
benchmark BSE index fell 0.1 percent.
* Traders eyeing India's WPI inflation data for June scheduled
to be released later in the day for further direction.
* Reuters' survey of 30 economists showed wholesale prices
 rising by an annual 7.62 percent in June, slightly
up from 7.55 in May. 
* Earnings on Monday: Castrol India, Exide Industries
, South Indian Bank and Tata Coffee
.

 (abhishek.vishnoi@thomsonreuters.com)

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