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MARKET EYE-SGX Nifty higher; Apollo Tyres shares on watch
December 31, 2013 / 3:17 AM / 4 years ago

MARKET EYE-SGX Nifty higher; Apollo Tyres shares on watch

* Nifty futures on the Singapore Exchange gain 0.32 
percent, while the MSCI-Asia Pacific excluding Japan  
index is up 0.25 percent. 
* Foreign institutional investors were buyers of 1.16 billion
rupees ($18.72 million) in Indian shares on Monday, exchange
data showed.
* Global stocks are closing out 2013 sitting on sizable gains
courtesy of super-easy monetary policies and an improving
economic outlook, though some emerging markets have less to crow
about as funds return to rich-world assets. 
* Analysts expect markets to remain range-bound in the final
trading session of the year, with some activity due to mutual
funds' quarter-end NAV adjustments.
* Apollo Tyres Ltd shares on watch after Cooper Tire &
Rubber Co said it was terminating a proposed $2.5
billion sale to Apollo. 
($1 = 61.9550 Indian rupees)


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