SGX Nifty gains; rate decision key 18-12-2012

* Nifty futures on the Singapore Exchange gain 0.02
percent. The MSCI-Asia Pacific index, excluding Japan
 up 0.2 percent.        
* Asian shares crept higher on Tuesday, tracking overnight gains
in U.S. stocks on optimism over the progress in resolving the
U.S. budget crisis before the year-end deadline.   
* Foreign investors bought 8.86 billion rupees of stocks, while
domestic institutions sold stocks worth 6.90 billion rupees on
Monday, when India's BSE index rose 0.38 percent.
* India's central bank is expected to keep interest rates on
hold on Tuesday despite government pressure for a cut, sticking
to its guidance that it will not ease monetary policy before
early next year as cooling inflation is still too high for
comfort. 

Posted in: MARKET EYE