Our Markets are expected to open today following the weak trend seen in the markets all over the Globe. At08:50 am SGX Nifty futures were trading 102.50 points lower at 8275.50 indicating a gap down opening of the Markets.
Global stock markets fell sharply Thursday amid continued concerns over lackluster global growth.
European markets closed sharply lower on Thursday, as traders digest the latest minutes from the U.S. Federal Reserve and concerns over oil, Greece and China's growth continued. The Stoxx Europe 600 closed down 2.1% to 373.44, its lowest close since July 8. The U.K.’s FTSE 100 lost 0.6% to 6,367.89, and it’s stuck in its longest run of losses since November 2011. Shares in Germany fell, pushing the DAX 30 down 2.3% to 10,432.19. France’s CAC 40 lost 2.1% to end at 4,783.55. Greek stocks dropped 3.5% to 651.56.
Worries about the pace of global growth jolted markets anew, sending the Dow industrials to their largest decline in 18 months and boosting the prices of gold and government bonds. The Dow plunged 358.04 points, or 2.1 percent, to 16,990.69. The S&P 500 lost 43.88 points, or 2.1 percent, to 2,035.73 and the Nasdaq composite lost 141.56 points, or 2.8 percent, to 4,877.49.
U. S. oil prices rose from six-year lows Thursday, but analysts say they expect prices to continue falling on worries that the global glut of crude is growing.Light, sweet crude for September delivery settled up 34 cents, or 0.8%, at $41.14 a barrel on the New York Mercantile Exchange.. Brent, the global benchmark, fell 54 cents, or 1.1%, to $46.62 a barrel on ICE Futures Europe, the lowest settlement since January.
In metals, silver rose 34 cents to $15.52 an ounce and copper rose 4 cents to $2.32 a poundGold rose $25.30, or 2.2 percent, to $1,153.20 an ounce,
The sell-off in Asian stocks are continued to day morning. Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.844% while the Hang Seng is down 2.24%. The Nikkei 225 is trading lower 2.10%
'Seeing real panic across mkts; but India may outperform'