Indian equities are likely to open positive on Wednesday, Oct.
17, 2012. SGX Nifty is trading at 5,693 (07.20 a.m.), 42 points
higher than Tuesday"s closeof 5,651.
Asian stocks rose and the euro touched a one-month high on
speculation Spain will move toward seeking financial aid, and after
U.S. earnings and industrial output beat forecasts. Oil in New York
advanced. Japanese benchmark index Nikkei 225 rose 120.39 points,
or 1.38%, to trade at 8,821.70.
Oil finished slightly higher Tuesday following a day of wavering
between small gains and losses as traders mulled mixed economic
data. Benchmark U.S. crude ended up 24 cents at USD 92.09 a barrel
in New York. Brent crude, which is used to price international
varieties of oil, lost 40 cents to finish at USD 114 a barrel in
European stocks rose on Tuesday as two German lawmakers said the
country is open to Spain seeking a precautionary credit line from
Europe"s rescue fund, and German investor confidence advanced more
than expected in October. UK"s benchmark index FTSE 100 advanced
64.93 points, or 1.12%, to end at 5,870.54.
US stocks climbed on Tuesday after stronger-than-expected
quarterly earnings from such bellwethers as Goldman Sachs and
Johnson & Johnson helped ease concerns about a dismal quarterly
earnings season. The Dow Jones industrial average rose 127.55
points, or 0.95%, to 13,551.78.
In the spot market, the Dollar Index decreased 0.35% to 79.13
World commodity prices gained on Tuesday with the increase in
Reuters Jefferies CRB Index by 0.54%.