SGX Nifty gains, pharma stocks in focus

* Nifty futures on the Singapore Exchange rise 0.21 per cent. The MSCI-Asia Pacific index excluding Japan is also up 0.4 per cent.

* Asian shares ambled higher on Friday and were on course for a weekly gain of more than 2 per cent, their best in two months, after manufacturing surveys from China and the United States raised hopes that the global growth outlook is improving at last.

* Foreign investors bought Rs 1.83 billion, while Domestic institutions sold Rs 1.64 billion of stocks on Thursday when the BSE index rose 0.31 per cent.

* Pharmaceutical shares will be in focus, as India approved a new drug pricing policy designed to increase the number of drugs deemed essential that are subject to price caps, two ministers told reporters.

* India's cabinet approved on Thursday a 9.5 per cent government stake sale in state-run power producer NTPC Ltd, a minister told reporters, to help rein in its ballooning fiscal deficit.

* Investors will watch Hindustan Copper Ltd shares a day after it sets floor price for share sale at Rs 155 a share. Hindustan Copper shares closed at Rs 266.15 on Thursday.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.