Stock
market opening News :- The Nifty is seen opening flat as indicated by
SGX Nifty, which was trading down 3.00 points at 7197.00 at 7:40 AM. Asia
shrugged off a slow start to trade higher, with most major indices gaining.
Hang Seng led the gains closely followed by Nikkei. US stocks closed mixed on
Friday, mostly shaking off pressure from decline in oil prices to post their
best weekly gain of the year so far.
Europe, however, finished firmly in the
red on Friday as the renewed decline in oil prices and mixed performance in
other global markets weighed on investor sentiment. In currencies, the pound
slipped the most in a month against the dollar as concern grew that Britain
would quit the European Union Among other asset classes, nymex crude prices
traded below USD 30 per barrel amid concern over the worldwide surplus, while
gold prices eased to USD 1220 an ounce on profit booking.
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