MSCI’s all-country equity index .MIWD00000PUS fell 0.4 percent for its third straight day of losses while emerging equities lost 1 percent .MSCIEF.
Industry experts are focusing on the current level of oil prices. However another key consideration for Saudi officials in floating up to 5 % of the state oil producer.
Crude oil prices climbed Rs 61 to Rs 4,033 per barrel in futures trade today as participants raised bets on positive global cues.
US oil rig count, an indicator of future production, rose by seven to 798, its highest since April 2015.
Next week’s full-year results from HSBC (HSBA.L), Lloyds (LLOY.L), Barclays (BARC.L) and RBS (RBS.L) will be crucial.
US stocks swung between losses and gains as lower US crude oil prices and disappointing earnings reports from Kraft Heinz and other companies sapped momentum slows.
The MSCI world index of stocks, which tracks shares in 47 countries, was up 0.4 percent.
Crude palm oil prices fell 0.25 per cent to Rs 578.80 per 10 kgs in futures trade today as traders booked profits amid fall in demand at the spot market.
BP is looking to invest over $1 billion (721.66 million pounds) in Egypt this year, making the country once again a top destination for investment, its CEO said.
Goldman Sachs said investors are wary that factors such as healthy global demand, supply disruptions and US producer discipline that propelled recent rally in oil prices.
Ultratech Cement leads race to take over Binani Cement
Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors
Dalmia Bharat offers Rs 6,300 Cr
Dalmia seen to lose as UltraTech offering equity stake to creditors
Final decision on winner to be ratified by NCLT
Business Standard Reporst
4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model
Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray
NHAI hopes to generate more than Rs 6000 cr Under TOT model
auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km
Successful bidder to get toll collection rights for 30 years
Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide
Recommend duty for 5 Yrs on DMAC originating from China and Turkey
Co bags Rajasthan Project
Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan
Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation
With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets
On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation
Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations
To be out of F&O if it does not declare quarterly results by March 1
All existing F&O contracts will expire on March 28
No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1