MUMBAI: Stock opened on a flat note on Thursday amid mixed overseas cues. Satyam Computer, which had been badly pounded in Wednesday’s trade, rebounded sharply.
National Stock Exchange’s benchmark Nifty was up 9 points to 2963.40. Bombay Stock Exchange’s 30-share Sensex rose 64.71 points to 9780 from Wednesday’s close.
US stocks fell on Wednesday as the government's effort to stave off a deep recession raised worries about mounting public debts and blunted optimism stemming from the Fed's rate cut.
The Dow Jones Industrial Average fell 100.59 points, or 1.13 per cent, at 8,823.55, the Standard & Poor's 500 Index slipped 8.85 points, or 0.97 per cent, at 904.33 and the Nasdaq Composite Index dropped 10.58 points, or 0.67 per cent, at 1,579.31.
On the hand, Asian stocks rose to a six-week high, on speculation the region’s central banks will reduce interest rates to revive economic growth. The Nikkei moved up 0.5 per cent, Topix climbed 0.31 higher, Straits Times rose 0.37 per cent but Hang Seng fell 0.52 per cent.
Meanwhile, oil prices dropped to their lowest in more than four years on Wednesday after OPEC announced a record supply cut that dealers said may fail to fully offset slumping world energy demand. US crude oil prices fell $3.54 to settle at $40.06 a barrel after dipping below $40 for first time since July 2004.
Source: http://timesofindia.indiatimes.com/Business/Markets_open_flat_amid_mixed_cues/articleshow/3855556.cms
National Stock Exchange’s benchmark Nifty was up 9 points to 2963.40. Bombay Stock Exchange’s 30-share Sensex rose 64.71 points to 9780 from Wednesday’s close.
US stocks fell on Wednesday as the government's effort to stave off a deep recession raised worries about mounting public debts and blunted optimism stemming from the Fed's rate cut.
The Dow Jones Industrial Average fell 100.59 points, or 1.13 per cent, at 8,823.55, the Standard & Poor's 500 Index slipped 8.85 points, or 0.97 per cent, at 904.33 and the Nasdaq Composite Index dropped 10.58 points, or 0.67 per cent, at 1,579.31.
On the hand, Asian stocks rose to a six-week high, on speculation the region’s central banks will reduce interest rates to revive economic growth. The Nikkei moved up 0.5 per cent, Topix climbed 0.31 higher, Straits Times rose 0.37 per cent but Hang Seng fell 0.52 per cent.
Meanwhile, oil prices dropped to their lowest in more than four years on Wednesday after OPEC announced a record supply cut that dealers said may fail to fully offset slumping world energy demand. US crude oil prices fell $3.54 to settle at $40.06 a barrel after dipping below $40 for first time since July 2004.
Source: http://timesofindia.indiatimes.com/Business/Markets_open_flat_amid_mixed_cues/articleshow/3855556.cms
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