Indian equities are likely to open flat on Thursday, Oct. 11,
2012. SGX Nifty is trading at 5,669.5 (07.25 a.m.), 9.5 points
higher than Wednesday"s closeof 5,660.
Asian stocks dropped after Japanese machinery orders fell and
Standard & Poor"s downgraded Spain"s debt rating. Japanese
benchmark index Nikkei 225 fell 30.61 points, or 0.36%, to trade at
Oil prices fell below USD 92 a barrel Wednesday in international
markets. Benchmark crude finished down USD 1.14 to settle at USD
91.25 in New York. The price of oil rose more than 3% Tuesday on
concerns about supplies from the Middle East and the North Sea.
Brent crude, used to price international varieties of oil, fell 12
cents to USD 114.25 on the ICE Futures Exchange in London.
US stocks fell on Wednesday weighed down by disappointing news
from Chevron and Alcoa as earnings season got under way. The Dow
Jones industrial average fell 128.56 points, or 0.95%, to end at
European stocks declined on Wednesday as investors speculated
that economic fundamentals don"t justify current stock valuations
and Alcoa Inc. (AA) cut its forecast for global aluminum demand.
UK"s benchmark index FTSE 100 declined 33.54 points, or 0.58%, to
end at 5,776.71.
In the spot market, the Dollar Index increased 0.31% to 80.16
World commodity prices fell on Wednesday with the decrease in
Reuters Jefferies CRB Index by 0.68%.