US markets News

Foreign Institutional Investors (FIIs) bought equities worth Rs 1,944.48 crore on Friday, according to exchange data. Global oil benchmark Brent crude climbed 1.08 per cent to USD 79.87 a barrel. 

Foreign Institutional Investors (FIIs) again turned sellers on Tuesday as they offloaded equities worth Rs 1,457.96 crore, according to exchange data. 

Among the 30 Sensex companies, Hindustan Unilever, Nestle, Asian Paints, HCL Technologies, HDFC Bank, Kotak Mahindra Bank and ITC were the biggest gainers. Larsen and Toubro, Power Grid, NTPC and State Bank of India were among the laggards.

The US markets ended in negative territory on Friday. Global oil benchmark Brent crude rose by 0.29 per cent to USD 82.32 a barrel.

The Dow and S&P 500 hit record highs on Friday after weak economic data dulled prospects of more interest rate hikes this year.

The Nasdaq composite index led the way with a 3.2 percent rise, boosted by Apple`s 5.7 percent gain to $108.96. The stock slumped as much as 13 percent on Monday.

After a continuos rally the US stock market has entered in correction mode. Analyst, however, said that there might be a bumpy ride in next several trading sessions.

Another volatile week marked by distrust over the US growth rebound and Greece`s debt talks prevented US markets from locking in recent record highs.

The benchmark indexes have so far gained 2.3 percent each for the week, also heading towards their biggest weekly gains since week ended Jan 23, 2015.

The BSE Sensex extended its early gains in late morning trade Monday on bargain buying in stocks by funds and retail investors amid positive cues from other Asian markets.

MSCI`s broadest index of Asia-Pacific shares outside Japan edged down about 0.1 percent in early trade.

Oil prices fell further on Wednesday, heading to six-year lows, while crude`s weakness continues to test investor confidence, pushing the yen up and weighing on Asian equities.

The euro sat near nine-year lows as the uncertainty in Greece raised the prospect it could leave the eurozone.

Asian shares tumbled on Tuesday as sliding oil prices and political uncertainty in Greece forced investors out of risk assets and into the safety of government bonds.

"Lower oil prices, weaker commodity currencies, lower material and oil service costs and increased efficiency are all reinforcing to the downside," wrote Goldman Sachs in a report.

Asian markets mostly fell on Friday, with energy firms taking a dive as oil sat at four-year lows after the OPEC cartel ignored calls to cut production in response to plunging prices and a supply glut.

The 20-city price index rose 0.2 percent from July to August, with the biggest drag coming from the West Coast market.

The euro dipped to $1.2914 and 137.85 yen from $1.2916 and 138.02 yen in New York.

The dollar and euro rallied against the yen in Asia on Tuesday as Japanese central bank policymakers prepare to meet, under pressure to launch more economic stimulus as the economy falters.

Oil prices were mixed in muted Asian trade on Monday ahead of a public holiday in the United States and as dealers digest downcast Chinese manufacturing data, analysts said.