Indian equities are likely to open negative on Friday, Oct. 26,
2012. SGX Nifty is trading at 5,729 (07.22 a.m.), 20 points lower
than Thursday"s closeof 5,749.
Asian stocks swung between gains and losses as Japanese
companies including Fanuc Corp. and Yamaha Corp. reported
disappointing earnings, while Australia's Macquarie Group rose on
higher profit. Japanese benchmark index Nikkei 225 rose 6.02
points, or 0.07%, to trade at 9,061.22.
Oil prices have risen slightly on Thursday, buoyed by
better-than-expected data in the United States that offset worries
about demand in the world's biggest crude-consuming nation. New
York's main contract, light sweet crude for December, added 32 US
cents from Wednesday's close to settle at USD 86.05 a barrel on
Thursday. Brent North Sea crude for delivery in December gained 64
US cents, closing at USD 108.49 a barrel in London trade.
US stocks eked out small gains on Thursday in another
uninspiring session on Wall Street, with worries about weak
business spending keeping investors wary. The Dow Jones industrial
average rose 26.34 points, or 0.20%, to 13,103.68 at the close.
European stocks climbed on Thursday as companies including
Unilever and Sanofi posted results that exceeded analysts'
estimates. UK's benchmark index FTSE 100 advanced 0.27%, to end at
In the spot market, the Dollar Index decreased 0.01% to 80.03
World commodity prices gained on Thursday with the increase in
Reuters Jefferies CRB Index by 0.02%.