Indian equities are likely to open flat on Tuesday, Oct. 16,
2012. SGX Nifty is trading at 5,720.5 (07.14 a.m.), 16 points
higher than Monday"s closeof 5,704.5.
Asian stocks rose as exporters advanced after the U.S. reported
better-than-expected retail sales. Japanese benchmark index Nikkei
225 rose 87.16 points, or 1.02%, to trade at 8,665.09.
Oil prices fell below USD 92 a barrel Monday in international
markets as Chinese economic indicators did little to raise hopes
for a rebound in the world"s second-largest economy. Benchmark oil
for November delivery was down 11 cents to USD 91.75 a barrel in
electronic trading on the New York Mercantile Exchange. Brent
crude, which is used to price international varieties of oil, added
57 cents to USD 115.19 a barrel in London.
US stocks climbed on Monday rebounding from last week"s losses
after Citigroup"s earnings and retail sales sharply exceeded
expectations. The Dow Jones industrial average rose 95.38 points,
or 0.72%, to 13,424.23 at the close.
European stocks climbed on Monday amid an increase in
mergers-and-acquisition activity and as a U.S. report showed retail
sales rose more than forecast in September. UK"s benchmark index
FTSE 100 advanced 12.29 points, or 0.21%, to end at 5,805.61.
In the spot market, the Dollar Index decreased 0.03% to 79.71
World commodity prices fell on Monday with the decrease in
Reuters Jefferies CRB Index by 0.65%.