Epic Research Singapore : SGX Update

Infosys Ltd. (INFO) surged 3 percent, pushing up a measure of software makers to a record. Oil & Natural Gas Corp. (ONGC) increased for a third day, sending a gauge of energy companies to its steepest gain in four weeks. Tata Motors Ltd. (TTMT) advanced most in seven weeks after its luxury-vehicle division Jaguar Land Rover reported record global sales last year.
The S&P BSE Sensex advanced 1.4 percent to 21,052.68 at 10:02 a.m. in Mumbai. The gauge fell 0.5 percent last week, its second weekly loss. Factory output fell 2.1 percent in November from a year ago, the government said Jan. 10 after the markets closed. The data adds to pressure on Prime Minister Manmohan Singh to boost the economy ahead of elections this year.
Reserve Bank of India Governor Raghuram Rajan last month surprised economists by holding the key rate at 7.75 percent instead of adding to increases totaling 50 basis points since taking office in September. The authority meets for its next policy review on Jan. 28.
The Standard & Poor’s 500 Index rose 0.2 percent on Jan. 10 after data showed a 74,000 gain in payrolls for December, less than the most pessimistic projection in a Bloomberg survey of economists. The unemployment rate dropped to 6.7 percent, the lowest since October 2008, as more people left the labor force.
The Fed, which next meets Jan. 28-29, in December announced a cut of $ 10 billion in its monthly bond-buying program to $ 75 billion, citing a recovery in the labor market.
The CNX Nifty (NIFTY) Index on the National Stock Exchange of India Ltd. gained 1.2 percent to 6,244.45. 


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