INSUBCONTINENT EXCLUSIVE:
Japanese shares led the way in Asia, with the Nikkei advancing 2.1 per cent.The Indian equity benchmarks are set to open higher on Tuesday
wherein the Nifty 50 index is seen opening above its important psychological level of 15,800 as indicated by the Nifty futures on Singapore
The Nifty futures on Singapore Exchange also known as the SGX Nifty futures advanced 81 points or 0.51 per cent to 15,810
Meanwhile, global shares extended their recovery with Asian markets bouncing from four-week lows as investor focus on economic growth partly
offset worries about any near-term rise in US interest rates.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.35 per
cent, moving above Monday's four-week lows and notching a 4 per cent gain so far this year.Japanese shares led the way, with the Nikkei
South Korea stocks rose 0.4 per cent, Australia was up 1.2 per cent and Chinese stocks advanced 0.6 per centLast week's surprise hawkish
shift by the United States Federal Reserve sent global stock markets skidding as traders brought forward expectations for interest rate
increases.Back home, foreign institutional investors sold shares worth Rs 1,245 crore while domestic institutional investors bought shares
worth Rs 138 crore on Monday.State Bank of India will be in focus after the central board of the bank approved fresh Additional Tier 1 (AT
1) capital up to an amount of Rs 14,000 crore in the current financial year.Sun Pharma will be in focus after it informed exchanges that it
has settle patent litigation for Revlimid with Celgene Corporation.
