Indian equities are likely to open flat on Friday, Dec. 14,
2012. SGX Nifty is trading at 5,868 (07.22 am), 11 points lower
than Thursday's closeof 5,879.
Asian stocks fell, snapping their longest-winning streak in more
than three years, and the South Korean won weakened as a report
showed big Japanese manufacturers became the most pessimistic since
March 2010. Oil advanced in New York. Japanese benchmark index
Nikkei 225 fell 44.31 points, or 0.45%, to trade at 9,698.73.
Oil prices eased Thursday as the market fretted about the US
fiscal cliff crisis that threatens to throw the world's biggest
crude oil consumer back into recession. New York's main contract,
West Texas Intermediate (WTI) for January delivery, shed 88 cents
from Wednesday to settle at USD 85.89 a barrel. In London trade,
Brent North Sea crude for January dropped USD 1.59 to close at USD
US stocks closed lower on Thursday under a cloud of fiscal cliff
concerns that overshadowed a batch of somewhat positive economic
data on jobs, retail sales and inflation. The Dow Jones Industrial
Average was down 74.73 points, or 0.56%, at 13,170.72 in closing
European stocks fell on Thursday as Federal Reserve Chairman Ben
S. Bernanke said the central bank's plan to buy USD 45 billion a
month of Treasuries will fail to offset the effects of the fiscal
cliff. UK's benchmark index FTSE 100 declined 16.24 points, or
0.27%, to end at 5,929.61.
In the spot market, the Dollar Index increased 0.02% to 79.94
World commodity prices fell on Thursday with the decrease in
Reuters Jefferies CRB Index by 0.85%.