Indian equities are likely to open flat on Friday, Aug. 31,
2012. SGX Nifty is trading at 5,323 (07.35 a.m.), 2 points lower
than Thursday"s closeof 5,325.
Asian stocks fell as reports on industrial output in South Korea
and Japan add to signs of slowing economic growth and on
speculation Europe"s debt crisis is worsening. Japanese benchmark
index Nikkei 225 fell 75.61 points, or 0.84%, to trade at
Oil prices fellto nearUSD 94 a barrel Thursday in international
markets. Benchmark oil fell 87 cents to finish trading at USD 94.62
in New York. Brent crude rose 11 cents to end at USD 112.65 a
US stocks fell on Thursday after several days of muted trading
as investors took a defensive posture before Federal Reserve
Chairman Ben Bernanke"s much-awaited speech on Friday. The Dow
Jones industrial average dropped 106.77 points, or 0.81%, to
13,000.71. European stocks fell on Thursday as data from Japan to
Germany added to evidence that global growth is slowing while
speculation cooled that Federal Reserve Chairman Ben S. Bernanke
will announce more stimulus. UK"s benchmark index FTSE 100 declined
24.08 points, or 0.42%, to end at 5,719.45.
In the spot market, the Dollar Index decreased 0.07% to 81.63
World commodity prices gained on Thursday with the decrease in
Reuters Jefferies CRB Index by 0.20%.