Indian stock-index futures rose before the expiry of futures contracts today.

SGX CNX Nifty Index (NIFTY) futures for December delivery added 0.1 percent to 8,275 at 9:39 a.m. in Singapore. The most-active January contract also climbed 0.1 percent, to 8,347. The underlying CNX Nifty Index fell 0.7 percent to 8,267 yesterday, the first decline in four days. The S&P BSE Sensex (SENSEX) also dropped 0.7 percent. The Bank of New York Mellon India ADR Index of U.S.-traded shares lost 0.5 percent.

The MSCI Asia Pacific Index rose today after U.S. stocks climbed to all-time highs as the world’s biggest economy grew at the fastest pace in 11 years. International investors were net sellers of Indian stocks for a 10th straight day on Dec. 22, the longest series of outflows since June 2012.

“Investors preferred to book profit and sit on the sidelines ahead of the futures and options expiry,” Jayant Manglik, president of retail distribution at Religare Securities Ltd., wrote in an e-mail yesterday.

The Sensex has retreated 4.1 percent in December, poised for its worst month since February 2013, as the possibility of higher U.S. rates next year and concern the global economy may slow amid falling oil prices and a currency crisis in Russia sparked a selloff in emerging markets.

The gauge has still advanced 30 percent this year, heading for its best year since 2009, and is valued at 15.2 times projected 12-month earnings, compared with the MSCI Emerging Markets Index’s multiple of 11.1.

Foreign funds sold a net $ 45.9 million of Indian shares on Dec. 22, paring this year’s purchases to $ 16.3 billion, the second-highest among eight Asian markets tracked by Bloomberg, after Japan.

To contact the reporter on this story: Rajhkumar K Shaaw in Mumbai at rshaaw@bloomberg.net

To contact the editors responsible for this story: Allen Wan at awan3@bloomberg.net Matthew Oakley, Chan Tien Hin