Indian equities are likely to open negative on Tuesday, Feb. 26,
2013. SGX Nifty is trading at 5,826 (07.58 am), 18.5 points lower
than Monday's closeof 5,844.5.
Railway Budget 2013-14 will be presented in the Parliament by
the Railway Minister Pawan Kumar Bansaltoday.
Asian stocks fell on concern Italy's elections may reignite
Europe's debt crisis. Japanese benchmark index Nikkei 225 fell
189.49 points, or 1.62%, to trade at 11,473.48.
Oil prices rose above USD 94 a barrel Monday in international
markets. By early afternoon in Europe, benchmark crude for April
delivery was up USD 1.11 to USD 94.24 a barrel in electronic
trading on the New York Mercantile Exchange. In London, Brent crude
was up USD 1.55 to USD 115.65 on the ICE futures exchange in
London.
US stocks fell sharply on Monday as Italian elections and
looming spending cuts in the U.S. hit sentiment. The Dow Jones
industrial average dropped 216.40 points, or 1.55%, to
13,784.17.
European stocks advanced on Monday as investors scrutinized
post-election polls for signs of who will control Italy's
government. UK's benchmark index FTSE 100 advanced 19.67 points, or
0.31%, to end at 6,355.37.
In the spot market, the Dollar Index increased 0.15% to 81.79
(21:17 ET).
World commodity prices gained on Monday with the increase in
Reuters Jefferies CRB Index by 0.10%.
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