Indian equities are likely to open positive on Friday, Nov. 02,
2012. SGX Nifty is trading at 5,706.5 (07.13 a.m.), 37 points
higher than Thursday"s closeof 5,669.5.
Asian stocks rose after reports on U.S. employment and
manufacturing topped estimates and consumer confidence in the
worldâ™s largest economy climbed last month to a
more than four-year high. Japanese benchmark index Nikkei 225 rose
111.46 points, or 1.25%, to trade at 9,058.33.
The price of oil is rising as operations at refineries and
supply terminals in the Northeast remain restricted three days
after Superstorm Sandy. Benchmark oil gained 82 cents Thursday to
USD 87.06 a barrel in New York. In London, Brent crude, which is
used to price international varieties of oil, fell 48 cents to USD
108.11 a barrel.
US stocks rose on Thursday as bullish consumer confidence and
private-sector jobs data gave investors reason to cheer following
superstorm Sandy's devastating sweep through the U.S. Northeast.
The Dow Jones industrial average gained 136.16 points, or 1.04%, to
13,232.62 at the close.
European stocks advanced on Thursday, the most in two weeks,
amid better-than-forecast U.S. economic reports and a rebound in
Chinese manufacturing. UK's benchmark index FTSE 100 advanced 79.22
points, or 1.37%, to end at 5,861.92.
In the spot market, the Dollar Index increased 0.07% to 80.10
World commodity prices gained on Thursday with the increase in
Reuters Jefferies CRB Index by 0.35%.