February 8, 2013 / 3:17 AM / 5 years ago

MARKET EYE-SGX Nifty edges lower; sentiment remains weak

* Nifty futures on the Singapore Exchange fell 0.05 
percent. The MSCI-Asia Pacific index, excluding Japan 
 rose 0.3 percent.         
* Asian shares were capped on Friday after European Central Bank
President Mario Draghi noted risks still facing the euro zone
economy, turning investor sentiment more cautious ahead of
Chinese trade data for January due out during the session.
 
* Traders say the sentiment is to sell on any small rally or
rallies that are not sustainable due to lack of triggers and
some populist expectations from 2013 budget.
* Financial results on Friday: Cadila Healthcare,
Hindalco Industries, Mahindra & Mahindra,
Canara Bank, Sun Pharmaceutical Industries,
Tata Chemicals 

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

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