December 3, 2012 / 3:08 AM / 5 years ago

MARKET EYE-SGX Nifty gains after firm China PMI

* Nifty futures on the Singapore Exchange rise 0.1
percent. The MSCI-Asia Pacific index excluding Japan
 is up 0.29 percent.      
* Asian shares edged higher on Monday as further signs of a
stabilising Chinese economy boosted sentiment, but stagnant U.S.
budget talks which threaten to derail the world's largest
economy kept investors cautious and capped prices.  
  
* Foreign investors bought 16.11 billion rupees of stocks, while
domestic institutions sold 7.98 billion rupees on Friday, when
the BSE index rose 0.88 percent.  
* Two key regional allies of India's Congress party, the Bahujan
Samaj Party (BSP) and the Samajwadi Party (SP) will hold
separate meetings in Delhi on Monday ahead of a vote in 
parliament on supermarket reform which is expected to be held on
Wednesday.
* India's stuttering economic reform programme faces a key
parliamentary test this week on whether to let foreign
supermarket chains such as Wal-Mart Stores set up shop,
in a vote that could pave the way for further measures to revive
the economy. 
* Also on watch, India's manufacturing PMI for November at 0500
GMT.

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

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