Indian equities are likely to open flat on Thursday, Nov. 01,
2012. SGX Nifty is trading at 5,624 (07.27 a.m.), 14 points higher
than Wednesday"s closeof 5,639.5.
Asian stocks fell, extending a monthly drop, after Australian
manufacturing and U.S business activity contracted and Panasonic
Corp. projected a full-year loss. The yen weakened. Japanese
benchmark index Nikkei 225 fell 41.66 points, or 0.47%, to trade at
Oil prices rose Wednesday on concerns about near-term oil
supplies in the U.S. following a fierce storm that caused havoc
across the northeastern part of the country and was threatening to
inflict more damage inland. By early afternoon in Europe, those
concerns helped benchmark crude for December delivery rise 65 cents
to USD 86.33 a barrel in electronic trading on the New York
Mercantile Exchange. In London, Brent crude, used to price many
international varieties of oil, was up 38 cents to USD 109.46 a
barrel on the ICE Futures exchange.
US stock market slowly returned to life on Wednesday after two
days in the dark, in the wake of the massive storm Sandy that
caused the market's first weather-related two-day closure since the
late 19th century. The Dow Jones industrial average dropped 10.75
points, or 0.08%, to 13,096.46 at the close.
European stocks fell on Wednesday as ArcelorMittal and BG Group
Plc reported disappointing results and euro-area governments
pressured Greece to increase spending cuts in return for aid. UK's
benchmark index FTSE 100 declined 67.20 points, or 1.15%, to end at
In the spot market, the Dollar Index increased 0.05% to 79.96
World commodity prices gained on Wednesday with the increase in
Reuters Jefferies CRB Index by 0.21%.