At 9:15 AM, the S&P BSE Sensex is trading at 28,934 down 111 points, while NSE Nifty is trading at 8,915 down 36 points.
The rupee opened lower by 14 paise at 66.57/$ against US Dollar Friday as against the previous close of 66.41/$.
Asian markets are trading mostly lower on Friday after reports indicated an earthquake in North Korea may have been caused by a nuclear test in the isolated nation.
China’s Shanghai Composite is currently trading 0.04% higher at 3,097.34 points. South Korea’s Kospi index is at 2,035.42 points (down 1.39%) and Indonesia’s Jakarta Composite is at 5,324.49 points (down 0.88%), Nikkei 225 is at 16,926.25 points (down 0.19%).
Taiwan’s Taiex at 9,176.23 points (down 0.94%), Singapore’s Straits Times at 2,866.97 points (down 0.96%), Hong Kong’s Hang Seng at 24,178.36 points (up 1.07%), Thailand’s SET Composite at 1,451.25 points (down 0.28%) and Singapore Nifty at 8,958.50 points (down 0.20%).
The European Central Bank (ECB) left interest rates unchanged. No hints were available about what the next move could be. However, central bankers around the world seem to echo that they have done their part and now it’s up to the governments to act.
Wall Street closed lower on Thursday. The Dow Jones industrial average closed 0.25% lower at 18,479.91 points. The S&P 500 slipped 0.22% to close at 2,181.30 points. The Nasdaq dropped 0.46% to close at 5,261 points.
Oil prices soared more than 4% after US Energy Information Administration said crude stockpiles dropped by 14.5 million barrels last week to 511.6 million barrels.
Brent rose to as high as $50.14 per barrel on Thursday and last stood at $49.63, down 0.7% from Thursday’s close but still up almost 6% so far this week.
Wall Street closed lower on Thursday. The Dow Jones industrial average closed 0.25% lower at 18,479.91 points. The S&P 500 slipped 0.22% to close at 2,181.30 points. The Nasdaq dropped 0.46% to close at 5,261 points.
Investors will remain cautious as the government will issue Index of Industrial production (IIP) data for July.
On the global front, investors will also pay attention to Federal Reserve voting members Eric Rosengren and Daniel Tarullo, who were scheduled to speak later in the day, for hints on Fed rate expectations.
President Pranab Mukherjee gave approval to Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year, as per Tv report.
SIAM showed that passenger vehicle sales jumped by 16.7% in August compared to the same month last year, with automakers selling 2,58,722 units in August.
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
The rupee opened lower by 14 paise at 66.57/$ against US Dollar Friday as against the previous close of 66.41/$.
Asian markets are trading mostly lower on Friday after reports indicated an earthquake in North Korea may have been caused by a nuclear test in the isolated nation.
China’s Shanghai Composite is currently trading 0.04% higher at 3,097.34 points. South Korea’s Kospi index is at 2,035.42 points (down 1.39%) and Indonesia’s Jakarta Composite is at 5,324.49 points (down 0.88%), Nikkei 225 is at 16,926.25 points (down 0.19%).
Taiwan’s Taiex at 9,176.23 points (down 0.94%), Singapore’s Straits Times at 2,866.97 points (down 0.96%), Hong Kong’s Hang Seng at 24,178.36 points (up 1.07%), Thailand’s SET Composite at 1,451.25 points (down 0.28%) and Singapore Nifty at 8,958.50 points (down 0.20%).
The European Central Bank (ECB) left interest rates unchanged. No hints were available about what the next move could be. However, central bankers around the world seem to echo that they have done their part and now it’s up to the governments to act.
Wall Street closed lower on Thursday. The Dow Jones industrial average closed 0.25% lower at 18,479.91 points. The S&P 500 slipped 0.22% to close at 2,181.30 points. The Nasdaq dropped 0.46% to close at 5,261 points.
Oil prices soared more than 4% after US Energy Information Administration said crude stockpiles dropped by 14.5 million barrels last week to 511.6 million barrels.
Brent rose to as high as $50.14 per barrel on Thursday and last stood at $49.63, down 0.7% from Thursday’s close but still up almost 6% so far this week.
Wall Street closed lower on Thursday. The Dow Jones industrial average closed 0.25% lower at 18,479.91 points. The S&P 500 slipped 0.22% to close at 2,181.30 points. The Nasdaq dropped 0.46% to close at 5,261 points.
Investors will remain cautious as the government will issue Index of Industrial production (IIP) data for July.
On the global front, investors will also pay attention to Federal Reserve voting members Eric Rosengren and Daniel Tarullo, who were scheduled to speak later in the day, for hints on Fed rate expectations.
President Pranab Mukherjee gave approval to Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year, as per Tv report.
SIAM showed that passenger vehicle sales jumped by 16.7% in August compared to the same month last year, with automakers selling 2,58,722 units in August.
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
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