Pre Market Cues
DSIJ Intelligence / 14 Feb 2012
Indian markets may open negative after Moody’s cut ratings on few EU nations and maintained that the growing financial and macroeconomic risks emanating from the euro-area could prove a serious threat to global serenity.
Indian markets may open negative after Moody’s cut ratings on few EU nations and maintained that the growing financial and macroeconomic risks emanating from the euro-area could prove a serious threat to global serenity. The SGX Nifty is trading down by 9 points at 5406 indicating a flattish gap down opening to markets today.
| Benchmark Indices | ||
|---|---|---|
| Index | Closing | % Change |
| SENSEX | 17772.84 | 0.14 |
| NIFTY | 5390.20 | 0.16 |
| Dow Jones | 12874.04 | 0.57 |
| S&P 500 | 1351.77 | 0.68 |
| NASDAQ | 2931.39 | 0.95 |
| Bovespa | 65691.50 | 2.65 |
| FTSE | 5905.70 | 0.91 |
| DAX | 6738.47 | 0.68 |
| CAC | 3384.55 | 0.34 |
| LIVE | ||
| Hang Seng | 20848.47 | -0.19 |
| Nikkei | 8975.35 | -0.26 |
| Shanghai | 2341.66 | -0.43 |
Overnight, the US and European indices ended their respective trading sessions on a firm and positive note owing to the successful Greek parliament approved austerity vote. But soon after the close of markets there the Moody’s Investor Services lowered ratings on Italy, Portugal, Slovakia, Slovenia and Malta by one notch and slashed Spain's sovereign rating by two notches. The ratings agency also cut the outlook on France, the United Kingdom and Austria to negative but kept their ratings at triple-A for the time being. Consequently Asian shares are seen trading on a weak note as a result of this development.
Indian markets may open negative after Moody’s cut ratings on few EU nations and maintained that the growing financial and macroeconomic risks emanating from the euro-area could prove a serious threat to global serenity. The SGX Nifty is trading down by 9 points at 5406 indicating a flattish gap down opening to markets today.
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