Market likely to open on a negative note
26th September 2012 09:18 AM
Indian equities are likely to open negaitve on Wednesday, Sept. 26, 2012. SGX Nifty is trading at 5,653.5 (07.43 a.m.), 26 points lower than Tuesday'scloseof 5,679.5.
Asian stocks fell amid concern stimulus measures by central banks from the U.S to Asia and Europe won't be enough to boost global economic growth. Japanese benchmark index Nikkei 225 fell 141.45 points, or 1.56%, to trade at 8,950.09.
Oil prices fell below USD 92 a barrel Tuesday in international markets. In New York the main contract, West Texas Intermediate crude for November delivery, ended down 56 cents at USD 91.37 a barrel. In London Brent North Sea oil for November pulled off highs above USD 111 to end with a gain of 64 cents to USD 110.45.
US stock markets gave up early gains and finished Tuesday in the red despite reports touting improved consumer confidence and home prices. The Dow Jones industrial average shed 101.37 points, or 0.75%, to 13,457.55.
European stocks advanced on Tuesday as US home prices and consumer confidence increased more than forecast, adding to signs the world's largest economy is strengthening. UK's benchmark index FTSE 100 advanced 20.87 points, or 0.36%, to end at 5,859.71.
In the spot market, the Dollar Index increased 0.12% to 79.64 (21:59 ET).
World commodity prices gained on Tuesday with the increase in Reuters Jefferies CRB Index by 0.25%.
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