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05 May, 2015 01:34 IST
Strong global cues to drive market higher
Source: IRIS | 10 Jan, 2013, 08.10AM
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Indian equities are likely to open positive on Thursday, Jan. 10, 2013. SGX Nifty is trading at 6,031 (08.08 am), 31 points higher than Wednesday`s close of 6,000.

Asian stocks rose, led by a rally in Japanese exporters, as the yen neared a 2 1/2 year-low after Prime Minister Shinzo Abe urged the central bank to double its inflation target. Japanese benchmark index Nikkei 225 rose 84.38 points, or 0.80%, to trade at 10,662.95.

Crude oil prices retreated Wednesday after a US oil inventory report pointed to large increases in refined petroleum products. Oil prices for US benchmark West Texas Intermediate settled five cents lower at USD 93.10 a barrel. In London, the Brent contract for February finished at USD 111.76 a barrel, losing 18 cents from Tuesday.

US stocks rose on Wednesday, rebounding from two days of losses, as investors turned their focus to the first prominent results of the earnings season. The Dow Jones industrial average gained 61.66 points, or 0.46%, to 13,390.51.

European stocks rose on Wednesday as Alcoa Inc. began the U.S. earnings season with sales that beat projections. UK's benchmark index FTSE 100 advanced 45.02 points, or 0.74%, to end at 6,098.65.

In the spot market, the Dollar Index increased 0.09% to 80.61 (21:24 ET).

World commodity prices fell on Wednesday with the decrease in Reuters Jefferies CRB Index by 0.21%.

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