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Friday, 25 December 2015

Markets Closed ; No Gift For Wall Street On Christmas Eve

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Indian equity, forex, Money and Commodity Markets will remain closed today on account of Christmas.
On Thursday, markets ended flat on caution ahead of the December F& amp;O expiry next week. The S&P BSE Sensex ended down 12 points at 25,839 and the Nifty50 ended 5 points lower at 7,861.
Among the Asian equities, Japan's Nikkei extended its rally and has gained marginally. Shanghai Composite and SGX Nifty were also trading with 0.1% gains. 

Oil prices rose marginally, with US crude set for gains for a fourth straight day. But the S&P energy sector snapped a three-day winning streak, declining 0.91 percent. Exxon Mobil lost 1.07 percent and was the biggest drag on the benchmark S&P 500. The largest positive influence on the S&P was Facebook, up 0.37 percent.
 A rally earlier this week left the S&P 500 marginally in positive territory for 2015, but the index is still down almost 1 percent for December, disappointing investors hoping for a rally ahead of Christmas Day.

The Dow Jones industrial average lost 0.29 percent to end at 17,552.17 points and the S&P 500 dipped 0.16 percent to 2,060.99. The Nasdaq Composite added 2.56 points or 0.05 percent to 5,048.49. Nine of the 10 S&P sectors declined. Data on Thursday showed jobless claims fell to 267,000 last week, beating the 270,000 estimated. Claims have stayed below 300,000 for 42 weeks in a row, helping the Federal Reserve's view of a stabilizing labor market.

The S&P 500 index showed 11 new 52-week highs and no new lows, while the Nasdaq recorded 47 new highs and 29 new lows.

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