Market likely to open in green tracking positive global cues
Chirag Gothi / 17 Jun 2016
Asian markets opened in green on Friday, after campaigning around Britain’s European Union membership vote was suspended following the murder of a U.K. lawmaker. On the domestic front, A SGX Nifty 50 index future for June series is trading up by 49 points at 8,203. Indian markets are likely to open in green.
Indian equities indices slid Thursday, its fifth fall in six sessions, reflecting the negative sentiment across the globe after the Bank of Japan refrained from taking further stimulus steps. The US Federal Reserve Chair Janet Yellen highlighted concerns about Britain's upcoming vote on whether to exit the European Union, which also dampened the sentiment. The Sensex fell 200.88 points or 0.75% to 26525.46 and the Nifty declined 65.85 points or 0.80% to 8140.75, while the broader markets outperformed benchmarks. The BSE Midcap and Smallcap indices slipped 0.37% and 0.55% respectively.
U.S. stocks climbed Thursday, snapping a five-session streak of declines as telecoms were the leading sector advancers. The Dow industrials rose 92.93 points, or 0.5%, to 17733.10. The S&P 500 gained 6.49 points, or 0.3%, to 2077.99 and the Nasdaq Composite Index advanced 9.98 points, or 0.2%, to 4844.91.
European stocks dropped Thursday, posting their sixth loss in seven sessions, with investors gripped by concerns about the impact of a upcoming U.K. vote on whether to remain in the European Union. The Stoxx Europe 600 fell 0.7% to close at 321.29, after paring losses in the afternoon. The U.K’s FTSE 100 fell 0.3% to 5,950.48. Germany’s DAX 30 lost 0.6% to 9,550.47 and France’s CAC 40 lost 0.5% to 4,153.01.
Crude oil settled lower for a sixth straight session Thursday and marked its lowest settlement in about five weeks. WTI crude fell USD 1.80, or 3.8%, to finish at USD 46.21 a barrel. Brent crude fell USD 1.78, or 3.6%, to settle at USD 47.19 a barrel.
Asian markets opened in green on Friday, after campaigning around Britain’s European Union membership vote was suspended following the murder of a U.K. lawmaker. Japan's Nikkei 225 index was up 1.64% due to weaker yen. The Kospi index in Seoul added 0.47% as Australia’s S&P/ASX 200 Index gained 0.36%, led higher by technology and banking shares. New Zealand’s S&P/NZX 50 Index traded flat. Chinese markets were up, with the Shanghai composite advancing 0.74%.
On the domestic front, A SGX Nifty 50 index future for June series is trading up by 49 points at 8,203. Indian markets are likely to open in green.
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