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Economic Times | 01 Aug, 2022 | 08:48AM IST
Stock Market Live Updates: SGX Nifty signals a positive start; Asian stocks trade mixed
Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.
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Asian shares off to sluggish start, China data soft
Asian share markets got off to a slow start on Monday as disappointing Chinese economic data fed doubts last week's rally on Wall Street could be sustained in the face of determined policy tightening by global central banks
Quarterly earnings today
ITC, Varun Beverages, UPL, Zomato, Max Financial Services, Escorts Kubota, Kansai Nerolac Paints, Castrol India and The Ramco Cements are among companies that will announce their quarterly earnings today.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 31 points, or 0.18 per cent, higher at 17,262.50, signaling that Dalal Street was headed for a positive start on Monday.
Tech View: Bullish engulfing candle on monthly chart reflects improved sentiment
Nifty50 on Friday climbed for the third straight day and topped the 17,100 level on a closing basis. During the day, the index took out its 200-day simple moving average with a gap-up start earlier in the day and reflected strength.
Oil prices slip ahead of OPEC+ meeting
Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments. Brent crude futures dropped 63 cents, or 0.6%, to $103.34 a barrel by 0000 GMT. U.S. West Texas Intermediate crude was at $97.87 a barrel, down 75 cents, or 0.7%, after hitting a session low of $97.55 when trading commenced in Asia.
Tokyo shares open slightly higher
Tokyo stocks edged up in early trade on Monday, extending rallies on Wall Street as traders eyed upcoming corporate earnings. The benchmark Nikkei 225 index gained 0.05 percent, or 14.52 points, to 27,816.16 at the open, while the broader Topix index added 0.14 percent, or 2.63 points, to 1,942.94.
US stocks rally again, close out best month since November 2020
US stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather for investors after a punishing year for the market.
Rupee rises by 45 paise to close at 3-week high on forex inflows
The rupee on Friday notched up its biggest single-day gain in nine months to close at a three-week high of 79.24 against the US dollar on fresh capital inflows and a weak green back in global markets.
Sensex, Nifty on Friday
Led by the metal pack, the 30-share pack Sensex jumped 712 points or 1.25 per cent to close at 57,570.25. Its broader peer, Nifty50, also rose 229 points or 1.35 per cent to end at a 3-month high and close above the 17,100 mark.
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