Indian stock futures fall 2.5% in S’pore on Mumbai attacks

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Indian stock futures fall 2.5% in S’pore on Mumbai attacks

This article was posted on Nov 28, 2008 and is filed under Market News

SINGAPORE, Nov 27 (Reuters) – Indian stock index futures SINc1 fell 2.5 percent in early Singapore trade on Thursday after a series of attacks in India’s financial capital Mumbai killed at least 80 people. [nLQ713528]

By 0110 GMT, the Nifty contract was down 69.5 points at 2,680 in thin volume and indicated a sharply lower market opening in India.

On Wednesday, the 50-share NSE index .NSEI gained 3.7 percent as rate cut expectations gathered after China cut interest rates.

India’s main 30-share BSE index .BSESN ended up 3.8 percent.

On Thursday, the MSCI index of Asia-Pacific shares outside of Japan .MIAPJ0000PUS was trading 1.4 percent higher. (Reporting by Anshuman Daga)

source: http://in.reuters.com/article/indiaMktRpt/idINSP35193420081127

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