Home / Business / Money / Mkts mixed on Fed, Greece woes; positive Nifty opening seen

Mkts mixed on Fed, Greece woes; positive Nifty opening seen

Global markets are mixed following the release of minutes from the Federal Reserve’s recent meeting. The Nasdaq was positive, about 100 points off the key 5,000 level, while the Dow Jones industrial average briefly turned positive before ending mildly lower above 18,000.

The Indian equity market is expected to open in the green today with the SGX Nifty, an indicator of the market opening, trading at 8886.50, up 1.50 points .

Global markets are mixed following the release of minutes from the Federal Reserve’s recent meeting. The Nasdaq was positive, about 100 points off the key 5,000 level, while the Dow Jones industrial average briefly turned positive before ending mildly lower above 18,000.

European markets finished higher with investors reacting to a slew of earnings and the negotiations surrounding Greece’s bailout program.  Russia and Ukraine markets were both higher by 2 to 3 percent.

Asian markets are trading quite barring the Nikkei that hit a fifteen-year high following better-than-expected export data. Markets in China, Hong Kong, South Korea, Taiwan, Singapore, Malaysia and Indonesia are shut for the holiday.

In other asset classes, the dollar was trading flat after seeing a drop after minutes from the Federal Reserve’s January meeting.

In commodities, oil prices fell as rising inventories continued to curb rallies.

Industry spending cutbacks and falling US rig counts helped fuel Brent crude’s price rebound from an almost six-year low but US data has continued to show rising oil inventories.

And precious metal gold edged higher on the back of the outcome of the Fed minutes.

Back home, the appetite for coal mines remained strong on the fifth day of the auctions. And in a legal boost for the government, the Delhi High Court dismissed Sarda energy’s plea against the bidding process with the court saying the auctions are neither arbitrary nor irrational.

Hero Moto stock slumped around five percent after the promoter sold stake in the company. The Munjal family offloaded 3.5 percent stake worth USD 300 million. Sources say Munjal are gearing up to buy 15 to 21 percent stake in Pipavav Defence and due diligence is currently underway.

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...