Date : 06.03.2012
Market may
open sharply lower (Mar 06)
Indian equities are likely to open negaitve on Tuesday, Mar. 06,
2012. SGX Nifty is trading at 5,285
(07.34 a.m.), 29.5 points lower than Monday of 5,314.5.
Asian
stocks swung between gains
and losses after conflicting economic data from the US
and Europe clouded the earnings outlook for Asia`s
exporters. Japanese benchmark index Nikkei 225 fell
40.33 points, or 0.42%, to trade at 9,658.26. Hong
Kong`s Hang Seng index declined by 111.74 points, or 0.53%, to trade at
21,153.57. www.goldennifty.com
Oil prices rose above USD 106 a barrel Monday in international markets. Benchmark crude rose 2 cents to finish
at USD 106.72 a barrel in New York. The price has been
USD 106 a barrel or higher since February 21. Brent crude rose 15 cents to end
at USD 123.80 a barrel in London.
US stocks fell on Monday for the second straight session and the
third in the last four trading days, led lower by basic materials shares after
China trimmed its growth target for 2012. The Dow Jones
industrial average shed 14.76 points, or 0.11%, to 12,962.81 at the close. The Standard & Poor`s 500 Index dipped 5.30 points, or
0.39%, to 1,364.33. The Nasdaq Composite Index lost 25.71 points, or 0.86%, to close at 2,950.48.
www.goldennifty.com
European stocks dropped, snapping two days of gains, as China cut its
forecast for economic growth this year and data showed
manufacturing and services in the euro area shrank more than estimated. UK`s
benchmark index FTSE 100 declined 36.31 points, or 0.61%, to end at 5,874.82.
