Equities traded lower during early hours on Wednesday amid weak global cues with auto and realty indices showing the most losses.

The International Monetary Fund (IMF) cut its growth forecasts for the global economy for this year and the next. Global growth is forecast at 3.2 per cent in 2019, picking up to 3.5 per cent in 2020 — 0.1 per cent point lower than in April projections for both years.

At 10:15 am, the BSE S&amp;P Sensex was down 197 points at 37,786 while the Nifty 50 slipped 71 points to 11,260.

Except for financial services, all sectoral indices at the National Stock Exchange were in the red.&nbsp;

The Nifty metal was down 1.21 per cent, auto 1.17 per cent and realty 1.16 per cent.

Among stocks, Bharat Petroleum Corporation edged 3.2 per cent lower while Vedanta was down 2 per cent. Eicher Motors, JSW Steel and Britannia were down by over 1.6 per cent each.

However, HDFC gained 1.6 per cent while Yes Bank moved up by 1.5 per cent. The other gainers were Larsen &amp; Toubro, Hindustan Lever and Zee Entertainment.

Meanwhile, most stocks rose in Asia after reports that the United States and China will resume trade talks next week with US Trade Representative Robert Lighthizer travelling to Shanghai.

Japan's Nikkei added 0.5 per cent, MSCI`s broadest index of Asia-Pacific shares outside Japan gained 0.4 per cent and Chinese blue chips climbed 1.2 per cent.

Equities traded lower during early hours on Wednesday amid weak global cues with auto and realty indices showing the most losses. The International Monetary Fund (IMF) cut its growth forecasts for the global economy for this year and the next.

Equities traded lower during early hours on Wednesday amid weak global cues with auto and realty indices showing the most losses. The International Monetary Fund (IMF) cut its growth forecasts for the global economy for this year and the next. Global growth is forecast at 3.2 per cent in 2019, picking up to 3.5 per cent in 2020 — 0.1 per cent point lower than in April projections for both years. At 10:15 am, the BSE S&P Sensex was down 197 points at 37,786 while the Nifty 50 slipped 71 points to 11,260. Except for financial services, all sectoral indices at the National Stock Exchange were in the red. The Nifty metal was down 1.21 per cent, auto 1.17 per cent and realty 1.16 per cent. Among stocks, Bharat Petroleum Corporation edged 3.2 per cent lower while Vedanta was down 2 per cent. Eicher Motors, JSW Steel and Britannia were down by over 1.6 per cent each. However, HDFC gained 1.6 per cent while Yes Bank moved up by 1.5 per cent. The other gainers were Larsen & Toubro, Hindustan Lever and Zee Entertainment. Meanwhile, most stocks rose in Asia after reports that the United States and China will resume trade talks next week with US Trade Representative Robert Lighthizer travelling to Shanghai. Japan's Nikkei added 0.5 per cent, MSCI`s broadest index of Asia-Pacific shares outside Japan gained 0.4 per cent and Chinese blue chips climbed 1.2 per cent.

Nifty slips below 11,300 mark, auto and realty stocks drag

Singapore's third derivatives exchange kicked off trading&nbsp;on Friday&nbsp;with the launch of palm oil futures, as the largely China-backed bourse looks to get a foothold in the region in preparation for other contracts down the line.

The Asia Pacific Exchange (APEX) hopes the US&nbsp;dollar-denominated palm olein futures will give traders another option beyond benchmark ringgit-denominated contracts and is touting the market as a place for Southeast Asian sellers and other international players to get access to Chinese buyers.

"Right now, China's market is more domestic, we are trying to bring out the Chinese market to international players," APEX's Chief Executive Eugene Zhu told reporters after the launch.

APEX's September palm olein futures contract opened at $635 a tonne and was last down 0.3 percent. A November contract was up 1.7 percent after opening at $650 a tonne.

"Traded volume in the first half-hour seems very good, but we need to see if this is just first-day euphoria or if the market can sustain," said a palm oil futures trader in Kuala Lumpur. He declined to be identified as he was not authorised to speak with media.

Under the contracts, palm olein is for physical delivery, on a Free on Board (FOB) basis, at Pasir Gudang and Port Klang in Malaysia, while in Indonesia, it is for delivery at Belawan and Dumai ports. Those two countries produce nearly 90 percent of the world's palm oil, used to churn out products ranging from chocolate to soap.

APEX's major shareholders include Chinese conglomerate CEFC China Energy, Chinese futures commission merchant Xinhua Group and other international investment funds.

China is the world's No.2 buyer of palm oil, with the commodity comprising about 70 percent of its edible oil imports.

Zhu, the former head of the Dalian Commodity Exchange (DCE), said the palm futures would complement other exchanges in the region.

"There will arbitrage opportunities and it will help to generate more volumes for all the exchanges," Zhu said.

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange was trading down 1.1 percent&nbsp;on Friday, while the most-active palm olein contract on the DCE had eased slightly.

Bursa Malaysia launched dollar-denominated crude palm oil and palm olein contracts over the last decade, but Kuala Lumpur-based traders said trading volumes for both contracts are close to zero due to a lack of market makers.

APEX plans to offer other futures and options based on commodities from sectors including agriculture, energy, petrochemicals and metals, as well as on interest rates and stock indices.

'Right now, China's market is more domestic, we are trying to bring out the Chinese market to international players,' APEX's Chief Executive Eugene Zhu said

Singapore's third derivatives exchange kicked off trading on Friday with the launch of palm oil futures, as the largely China-backed bourse looks to get a foothold in the region in preparation for other contracts down the line. The Asia Pacific Exchange (APEX) hopes the US dollar-denominated palm olein futures will give traders another option beyond benchmark ringgit-denominated contracts and is touting the market as a place for Southeast Asian sellers and other international players to get access to Chinese buyers. "Right now, China's market is more domestic, we are trying to bring out the Chinese market to international players," APEX's Chief Executive Eugene Zhu told reporters after the launch. APEX's September palm olein futures contract opened at $635 a tonne and was last down 0.3 percent. A November contract was up 1.7 percent after opening at $650 a tonne. "Traded volume in the first half-hour seems very good, but we need to see if this is just first-day euphoria or if the market can sustain," said a palm oil futures trader in Kuala Lumpur. He declined to be identified as he was not authorised to speak with media. Under the contracts, palm olein is for physical delivery, on a Free on Board (FOB) basis, at Pasir Gudang and Port Klang in Malaysia, while in Indonesia, it is for delivery at Belawan and Dumai ports. Those two countries produce nearly 90 percent of the world's palm oil, used to churn out products ranging from chocolate to soap. APEX's major shareholders include Chinese conglomerate CEFC China Energy, Chinese futures commission merchant Xinhua Group and other international investment funds. China is the world's No.2 buyer of palm oil, with the commodity comprising about 70 percent of its edible oil imports. Zhu, the former head of the Dalian Commodity Exchange (DCE), said the palm futures would complement other exchanges in the region. "There will arbitrage opportunities and it will help to generate more volumes for all the exchanges," Zhu said. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange was trading down 1.1 percent on Friday, while the most-active palm olein contract on the DCE had eased slightly. Bursa Malaysia launched dollar-denominated crude palm oil and palm olein contracts over the last decade, but Kuala Lumpur-based traders said trading volumes for both contracts are close to zero due to a lack of market makers. APEX plans to offer other futures and options based on commodities from sectors including agriculture, energy, petrochemicals and metals, as well as on interest rates and stock indices.

New Singapore exchange kicks off trading with palm oil futures

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Nifty slips below 11,300 mark, auto and realty stocks drag

New Singapore exchange kicks off trading with palm oil futures