MARKET EYE-SGX Nifty gains; FIIs sell index futures

* 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

data.

* 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.

(abhishek.vishnoi@thomsonreuters.com /;

abhishek.vishnoi.thomsonreuters.com@reuters.net)

SGX Nifty

sgxnifty.org@imediaone.com

You may also like...

Rules of Discussion on MARKET EYE-SGX Nifty gains; FIIs sell index futures

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean