August 27, 2013 / 3:07 AM / 4 years ago

MARKET EYE-SGX Nifty falls; FIIs extend selling to seven days

* Nifty futures on the Singapore Exchange are down 0.74
percent and the MSCI-Asia Pacific index 
excluding Japan falls 0.5 percent.    
* Asian stocks slipped on Tuesday, while Brent crude held near a
five-month high after the United States signalled possible
military action against the Syrian government over a suspected
chemical weapons attack. 
* Traders remain wary about foreign flows after overseas
investors sold about $810 million worth of shares in the
previous seven sessions through Monday, ahead of June-quarter
GDP data and the expiry of August derivatives contracts this
week.  
* On watch, India's Finance Minister P. Chidambaram is likely to
brief the media on Tuesday. He is expected to talk about the
approval of seven power projects by the cabinet panel headed by
the prime minister on Monday and other government initiatives.
* Also, India's lower house of parliament approved a plan worth
nearly $20 billion on Monday to provide cheap grain to the poor,
a key part of the ruling Congress party's strategy to win
re-election. 
* Annual shareholders' meeting on Tuesday: Maruti Suzuki India
Ltd, Reliance Communications Ltd.     
($1 = 64.4850 Indian rupees)

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

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