The market is expected to open in the red as trends in the SGX Nifty indicate a negative opening for the broader index in India with a loss of 38 points. The BSE Sensex fell 106 points to 54,365, while the Nifty50 declined 62 points to 16,240 and formed a small-bodied bearish candle which resembles the Inverted Hammer kind of pattern formation on the daily charts.US MarketsThe S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day's selloff as Treasury yields tumbled. Bank shares fell along with yields. The benchmark 10-year note yield dropped from more than a three-year high to below 3 percent.The Dow Jones Industrial Average fell 84.96 points, or 0.26 percent, to 32,160.74, the S&P 500 gained 9.81 points, or 0.25 percent, to 4,001.05 and the Nasdaq Composite added 114.42 points, or 0.98 percent, to 11,737.67.Asian MarketsOil falls on uncertainty over Russian energy embargo by EU. Oil edged lower in early Asian trade on Wednesday, sustaining the previous session's weakness that was caused by risks to demand from an economic recession and on uncertainty about an embargo on Russian oil by the European Union.Brent crude was down 86 cents, or 1.1 percent, at $101.60 a barrel by 0002 GMT. US West Texas Intermediate crude fell 80 cents, or 0.8 percent, to $98.96 a barrel.
The market is expected to open in the red as trends in the SGX Nifty indicate a negative opening for the broader index in India with a loss of 38 points. The BSE Sensex fell 106 points to 54,365, while the Nifty50 declined 62 points to 16,240 and formed a small-bodied bearish candle which resembles the Inverted Hammer kind of pattern formation on the daily charts.US MarketsThe S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day's selloff as Treasury yields tumbled. Bank shares fell along with yields. The benchmark 10-year note yield dropped from more than a three-year high to below 3 percent.The Dow Jones Industrial Average fell 84.96 points, or 0.26 percent, to 32,160.74, the S&P 500 gained 9.81 points, or 0.25 percent, to 4,001.05 and the Nasdaq Composite added 114.42 points, or 0.98 percent, to 11,737.67.Asian MarketsOil falls on uncertainty over Russian energy embargo by EU. Oil edged lower in early Asian trade on Wednesday, sustaining the previous session's weakness that was caused by risks to demand from an economic recession and on uncertainty about an embargo on Russian oil by the European Union.Brent crude was down 86 cents, or 1.1 percent, at $101.60 a barrel by 0002 GMT. US West Texas Intermediate crude fell 80 cents, or 0.8 percent, to $98.96 a barrel.