Ripples Advisory: Crude Oil at two year high; Indian equities likely to open in the red


SGX Nifty indicating a negative opening for the Indian markets as crude oil price continues to soar. Rating agency S&P maintained a status quo on its outlook on Indian economy and reaffirmed a BBB- rating for India.

Global markets

Asian markets are trading on a negative note with across the board selling pressure seen in all the major markets with Kospi losing 1.3%, Shanghai losing 0.9%, Nikkei losing 0.35%.

US Markets ended with a positive bias after the Thanksgiving holiday. Rally in technology stocks took S&P & Nasdaq to a record closing. S&P gained 0.21% to 2602.42, the Dow Jones added 0.14% to end at 23557.9 while the Nasdaq closed at 6889.16, gaining 0.32%.

European markets ended on a flat to positive note with FTSE losing 0.1%, CAC gaining 0.2% and DAX gaining 0.39%.

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