Market May Open In Negative On Weak Global Cues
Chirag Gothi / 10 Jun 2015
Asian stocks traded mixed on Wednesday, with Chinese markets leading losses after U.S. index provider MSCI Inc. held off from adding mainland shares to its benchmark indexes. Since SGX Nifty fell 24 points. Indian markets likely to open in negative on weak global cues.
Indian equity continued to spiral down and remained bearish for the sixth-straight session on Tuesday, as fears of lowering India's weightage on the MSCI index spooked the sentiment. The Sensex closed down 41.84 points, or 0.16%, at 26,481.25. With today's drop, the Sensex has plunged around 1,370 points, or 4.91%, in the past six sessions. The Nifty index also closed 21.75 points, or 0.27%, lower at 8,022.40. The BSE Mid-Cap and Small-Cap index fell index fell around 0.32% each and both these indices was higher than the Sensex's decline in percentage terms.
U.S. stocks ended Tuesday’s choppy session virtually unchanged, after the main indexes gave up earlier modest gains. The Dow Jones Industrial Average shed 2.51 points, or 0.01%, to 17764.04. The S&P 500 Index gained 0.87 points, or 0.04%, to 2080.15, while the Nasdaq Composite fell 7.76 points, or 0.15%, to 5013.87.
The rally in oil was attributed to a report from the Energy Information Administration on Monday that said US shale production would slow in July. Brent crude rose 3.1% to USD 64.66 a barrel, while WTI climbed 3.1% to USD 59.95 a barrel.
Europe’s benchmark stock index turned in its longest stretch of losses in six months Tuesday, triggered by bond market volatility and uncertainty over Greece’s future. The Stoxx Europe 600 lost 0.4% to end at 383.87, logging a sixth straight session of losses, which would be the longest losing streak since December last year. Germany’s DAX slipped -0.58% broke below 11,000 to close at 11,001.29. France’s CAC 40 index fell nearly 0.2% to finish at 4,850.22, while the U.K.’s FTSE 100 index dropped 0.5% to end at 6,753.80. Greece’s Athex Composite Index climbed 0.6% to close at 769.37, on hopes a deal is imminent.
Asian stocks traded mixed on Wednesday, with Chinese markets leading losses after U.S. index provider MSCI Inc. held off from adding mainland shares to its benchmark indexes. Japan’s Topix index added 0.3%. South Korea’s Kospi index traded at flat. New Zealand’s NZX 50 Index slid 0.7%, while Australia’s S&P/ASX 200 Index traded at flat. Markets in China and Hong Kong have yet to open. The Shanghai Composite Index slid 0.3%.
Since SGX Nifty fell 24 points. Indian markets likely to open in negative on weak global cues.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.