Stock
Market Opening News :- Market are likely to open lower tracking weakness in
their Asian peers and overnight losses on Wall Street.At 8:30am, the early indicator SGX Nifty was down 16 points
at 7,166."The Indian
markets are expected to open with a flat to negative note tracking the global
cues. On Thursday, US markets ended lower on the back of lower-than-expected
earnings and fall in oil prices. Asian markets also pared its gains,"
Geojit BNP Paribas Financial services said in a note. Foreign institutional investors were net buyers
in equities to the tune of Rs 419 crore on Thursday, as per provisional stock
exchange data.
GLOBAL MARKETS
Asian stocks were trading lower as investors
booked profit after gains in the previous sessions after the recent upmove in
global crude oil prices took a breather on the back of rising US oil inventory
while global economic growth concerns also weighed on sentiment. Japanese
shares witnessed profit taking after recent gains. The benchmark Nikkei was
down 2.3% while Shanghai Composite was down 0.1% while Hang Seng eased 0.6% and
Straits Times was down 0.4%
.
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