Indian equities are likely to open flat on Tuesday, Feb. 19,
2013. SGX Nifty is trading at 5,905 (07.56 am), 6 points higher
than Monday's closeof 5,899.
Asian stocks fell as Bridgestone Corp. jumped on
better-than-expected sales and profit forecasts while the yen's
gain weighed on Japanese exporters. Japanese benchmark index Nikkei
225 fell 8.64 points, or 0.07%, to trade at 11,400.16.
Oil prices slipped to USD 95.60 a barrel in international
markets. U.S. crude futures slipped in early Asian trading on
Tuesday, after a day of light trading due to the U.S. President's
Day holiday. U.S. crude for March delivery dropped 26 cents to USD
95.60 a barrel by 0119 GMT. Brent crude rose 10 cents to USD 117.48
a barrel. A sharp cut in Saudi Arabia's crude output and exports
may support crude prices going forward.
European stocks retreated on Monday as companies including
Carlsberg A/S missed earnings estimates and European Central Bank
President Mario Draghi said he sees risks to the euro area's
recovery. UK's benchmark index FTSE 100 declined 10.07 points, or
0.16%, to end at 6,318.19.
In the spot market, the Dollar Index increased 0.04% to 80.65
(21:16 ET).
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