* Nifty futures on the Singapore Exchange (SES: S68.SI – news) are up 0.28
percent and the MSCI (NYSE: MSCI – news) -Asia Pacific index excluding Japan
is 0.65 percent higher.
* Asian stocks opened to little fanfare on Thursday with
investors cautious as key events including the European Central
Bank meeting and the U.S. non-farm payrolls report loomed.
* Traders are worried as foreign investors resumed selling Index
futures in July after heavy selling in June. FIIs have sold
index futures worth 8.6 billion Indian rupees ($ 142.70 million)
in the previous two sessions, as per exchange and regulatory
* Foreign investors also sold cash shares worth 7.05 billion
Indian rupees ($ 116.98 million) on Wednesday.
* Investors add that U.S. non-farm payrolls data due this Friday
and the earnings season that begins next week, with Infosys Ltd (NYSE: INFY – news)
due to unveil its June-quarter results on June 12,
were the near-term cues to watch.
* The tender period for Unilever (NYSE: UL – news) open offer
for Hindustan Unilever Ltd (BSE: HUL.BO – news) ends later in the day.