December 24, 2012 / 3:26 AM / 5 years ago

MARKET EYE-SGX Nifty up; U.S. 'fiscal cliff' key

* Nifty futures on the Singapore Exchange gain 0.5 
percent. The MSCI-Asia Pacific index, excluding Japan 
 is up 0.09  percent. 
* Asian shares steadied in quiet pre-holiday trade after a slump
late last week, but markets have become more jittery about the
risk of the United States failing to avert a fiscal crisis.
    
* Foreign investors bought 1.15 billion rupees of stocks, while
domestic institutions bought 2.58 billion rupees of stocks on
Friday, when India's BSE index fell 1.09 percent.
* Despite the global uncertainty, traders are optimistic on
India shares given the central bank's stance over rates and on
hopes from the next budget.
* Shares are expected to remain volatile this week as markets
head into the last derivatives expiry of 2012 on Thursday.      

 (manoj.dharra@thomsonreuters.com)

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