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MARKET EYE-SGX Nifty falls; cautious ahead of Infosys earnings
October 7, 2013 / 3:09 AM / 4 years ago

MARKET EYE-SGX Nifty falls; cautious ahead of Infosys earnings

* Nifty futures on the Singapore Exchange are down 0.5
percent, while the MSCI-Asia Pacific index 
excluding Japan falls 0.6 percent.
* The dollar, oil prices and U.S. stock futures eased on Monday
as politicians in Washington showed no signs of making progress
to resolve the U.S. budget standoff, while safe-haven gold
inched higher. 
* Foreign institutional investors bought Indian shares worth
5.41 billion rupees on Friday, exchange data shows.
* Indian shares are likely to remain cautious ahead of the
September-quarter earnings from Infosys Ltd on Oct.
11, which will kick off the results reporting season for blue
chip companies.
* Traders say weakening economic growth and high inflation could
have weighed on corporate earnings.

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