Indian equities are likely to open negative on Wednesday, Oct.
03, 2012. SGX Nifty is trading at 5,772.5 (07.42 a.m.), 30.5 points
lower than Monday"s closeof 5,803.
Asian stocks are trading mixed amid speculation Spain will
request a bailout even as Prime Minister Mariano Rajoy said there
are no imminent plans to ask for aid and before the release of
Chinese data on the services industry. Japanese benchmark index
Nikkei 225 rose 1.07 points, or 0.01%, to trade at 8,787.12.
Oil pricesrose above USD 92 a barrel Monday in international
markets. Benchmark crude closed up 29 cents at USD 92.48 in New
York. Brent crude, which is used to price international varieties
of oil, fell 20 cents to USD 112.19 on the ICE Futures Exchange in
US stocks ended little changed in a volatile session on Tuesday
as uncertainty over when Spain might apply for a bailout shackled a
market struggling to build on gains that took the S&P 500 to
its highest in nearly five years. The Dow Jones industrial average
was down 32.83 points, or 0.24%, at 13,482.28.
European stocks declined on Tuesday as companies from Alstom SA
to Erste Group Bank AG (EBS) sold shares. UK"s benchmark index FTSE
100 declined 11 points, or 0.19%, to end at 5,809.45.
In the spot market, the Dollar Index increased 0.06% to 79.78
World commodity prices gained on Monday with the increase in
Reuters Jefferies CRB Index by 0.63%.