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HomeNewsBusinessMarketsCheck out cues that could impact market opening today!

Check out cues that could impact market opening today!

What's the cue for our markets after a choppy session on Wednesday? We get you a detailed check on global as well as domestic news flow to watch out for.

October 07, 2011 / 09:05 IST

Moneycontrol Bureau

Dussehra is here, Ravan is defeated, his effigies burnt. Like a good blessing, the Nifty has it going for it today. All seem quite fine across global markets. What's the cue for our markets after a choppy session on Wednesday? We get you a detailed check on global as well as domestic news flow to watch out for.

Stocks rallied for the third straight day at Wall Street after the ECB announced new liquidity measures to support banks in the eurozone. The Dow soared 1.68%, to close above the psychologically-important 11,000 mark.

European markets too hit their highest close in five weeks as the Bank of England launches fresh stimulus measures to support the UK economy.

Asian markets follow suit, the stocks clock sharp gains with Korea up more than 2% today.

In the commodity space, crude prices gained more than 3% yesterday as Europe moved closer to pumping aid to the region's troubled banks and US data showed jobless benefit claims rose less than expected last week. Brent prices are trading soft in Asia trade, but well above USD 105 levels.

Gold gains were boosted by a lift in equities. It currently hovers around USD 1650.

What

first published: Oct 7, 2011 07:48 am

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