January 31, 2013 / 3:03 AM / 5 years ago

MARKET EYE-SGX Nifty flat; ICICI Bank earnings eyed

* Nifty futures on the Singapore Exchange down 0.05
percent. The MSCI-Asia Pacific index excluding Japan 
 was 0.48 percent lower.  
* Asian shares pulled back from recent rallies on Thursday but
optimism about global growth supported sentiment as the Federal
Reserve kept its stimulus policy, while euro steadied on signs
the region was stabilising from the debt crisis. 
* Foreign investors bought 9.06 billion rupees of stocks while
domestic institutions sold 10.95 billion rupees of stocks on
Wednesday, when the BSE index rose 0.07 percent.
* Volatility cannot be ruled out as the January series
derivatives end on Thursday while third-quarter earnings of
large banks including ICICI Bank and Punjab National
Bank would decide the direction of the index.

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)

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