MARKET TODAY
Indices are seen opening slightly higher mirroring mixed global cues. The SGX Nifty futures for May 2009 expiry rose 11 points in Singapore. However, consolidation likely as world stocks remained nervous ahead of the US banks stress test. .
The Dow Jones Industrial Average fell 15.93 points, or 0.19 per cent, to 8,410.81. The Standard & Poor's 500 Index lost 3.46 points, or 0.38 per cent, to 903.78 and the Nasdaq. Composite Index dropped 9.44 points, or 0.54 per cent, to 1,754.12. US stocks dipped as cautious investors were worried about bank stress test results and energy shares succumbed to the pressure of lower oil prices. The drop halted a two-day run-up that propelled the S&P 500 into positive territory for the year-to-date.
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