Sensex, Nifty Seen Tad Lower As Oil Extends Rebound
(RTTNews) - Indian shares look set to open on a flat note Friday, with oil & energy stocks likely to be in focus after the government hiked the windfall profit tax on the export of diesel and brought back a tax on jet fuel exports.
PSU banks may also see increased activity after an RBI article recommended a gradual approach of privatization of state-run banks, saying a big-bang approach may be counterproductive.
Benchmark indexes Sensex and the Nifty ended Thursday's choppy session slightly higher on the eve of weekly future & options expiry.
Asian markets traded mixed this morning while the dollar hit a one-month high and Treasury yields drifted higher, weighing on gold prices. Oil extended a rally into a third day as bullish inventory data raised hopes for strong fuel demand.
U.S. stocks struggled for direction before ending slightly higher overnight after the release of disappointing home sales data and better-than expected jobless claims and manufacturing readings.
The Dow finished marginally higher, while the tech-heavy Nasdaq Composite and the S&P 500 both edged up around 0.2 percent.
European stocks also closed higher on Thursday as data showed Euro zone inflation reached a new record high of 8.9 percent year-on-year in July.
The pan European Stoxx 600 gained 0.4 percent. The German DAX and France's CAC 40 index rose about half a percent each while the U.K.'s FTSE 100 added 0.4 percent.
Australian Market Extends Early Losses In Mid-market
Asian Markets Trade Mixed
Sensex, Nifty Set To Open Lower Amid Rising Global Bond Yields
Win Streak May End For Thai Stock Market
Japanese Market Modestly Lower
Lower Open Called For Hong Kong Stock Market
Australian Market Notably Lower
