SGX Nifty edges higher on positive U.S. data

* Nifty futures on the Singapore Exchange is up 0.05
percent, while the MSCI-Asia Pacific index, excluding Japan
, gains 0.24 percent.                
* Asian shares shrugged off three days of losses on Friday as
global risk sentiment was buoyed by new U.S. data overnight
suggesting a steady recovery in the world's largest economy. 
 
* Foreign investors bought 6.07 billion rupees of stocks, while
domestic institutions sold 8.29 billion rupees of stocks on
Thursday, when the BSE index rose 1.07 percent.
* Core inflation data, combined with the government's pledge to
stick to its fiscal deficit target, raises hopes the Reserve
Bank of India will cut interest rate by 25 basis points at its
policy review on Tuesday. 
* Also on watch, India will launch a single-day share auction to
sell up to 10 percent shares in state-owned National Aluminium
Co, floor price for which has been set at 40 rupees a
share,  as part of the government's divestment programme to cut
fiscal deficit. 

Posted in: MARKET EYE