Indian equities are likely to open flat on Monday, Oct. 29,
2012. SGX Nifty is trading at 5,708.5 (07.33 a.m.), 5.5 points
higher than Friday's closeof 5,703.
Most Asian stocks advanced led by resources shares after the
U.S. economy expanded more than economists expected. Gains were
limited after companies from Kia Motors Corp. to NTT Docomo Inc.
disappointed investors. Japanese benchmark index Nikkei 225 rose
17.02 points, or 0.19%, to trade at 8,950.08.
Oil prices have closed higher, lifted by better-than-expected US
economic growth in the third quarter and worries about Hurricane
Sandy churning toward the heavily populated US east coast. New
York's main contract, light sweet crude for December settled at USD
86.28 (USD 83.90) a barrel on Friday, up 23 cents from Thursday's
close. Meanwhile, Brent North Sea crude for delivery in December
gained USD 1.06 at USD 109.55 a barrel in London trade.
US stocks finished flat on Friday, recovering from moderate
declines as bargain hunters rushed in to buy Apple, lifting it off
its lows, and scooped up other stocks recently battered by
disappointing results. The Dow Jones industrial average edged up
3.53 points, or 0.03%, to close at 13,107.21.
European stocks closed little changed on Friday, as data showed
the U.S. economy expanded more than forecast in the third quarter,
offsetting concern company earnings are deteriorating. UK's
benchmark index FTSE 100 advanced 1.66 points or 0.03%, to end at
In the spot market, the Dollar Index increased 0.04% to 80.10
World commodity prices fell on Friday with the decrease in
Reuters Jefferies CRB Index by 0.30%.