December 11, 2012 / 3:07 AM / 5 years ago

MARKET EYE-SGX Nifty gains; banking reforms bill key

* Nifty futures on the Singapore Exchange up 0.45
percent. The MSCI-Asia Pacific index excluding Japan
 also gains 0.19 percent.     
* Asian shares and the euro steadied on Tuesday, drawing support
from expectations that the U.S. Federal Reserve will take fresh
economic stimulus measures this week.    
* Foreign investors bought 6.98 billion rupees of stocks, while
domestic institutions sold stocks worth 5.86 billion rupees on
Monday, when the BSE index fell 0.07 percent. 
* Traders are keeping a close watch on developments pertaining
to the banking reform bill, likely to be voted in the parliament
on Tuesday, for further direction of the market.

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

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