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Economic Times | 04 Aug, 2022 | 08:41AM IST
Stock Market Live Updates: SGX Nifty signals a positive start; Tokyo stocks trade higher
Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.
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Asian stocks rise on upbeat data, Fed hawks lift dollar
Asian stocks rose on Thursday, taking cues from a strong rally on Wall Street after robust economic data and upbeat corporate guidance boosted investor appetite.
Quarterly earnings today
Adani Total Gas, Adani Enterprises, Dabur India, Britannia Industries, Berger Paints, GAIL, Balkrishna Industries, Container Corporation, Dalmia Bharat, REC, Bharat Heavy Electricals and LIC Housing are among companies that will announce their quarterly earnings today.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 80 points, or 0.46 per cent, higher at 17,519.50, signaling that Dalal Street was headed for a positive start on Thursday.
Tech View: Nifty forms bullish candle; resistance likely at 17,500
A late rebound on Wednesday helped Nifty50 take its winning run to the sixth trading session. The index ended up forming a bullish candle with a long lower-wick, suggesting the bulls are not ready to give in as yet.
Oil prices rebound after dropping to lowest in months
Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data signalling weak U.S. fuel demand.
Tokyo shares open higher after US gains
Tokyo stocks opened higher Thursday following gains on Wall Street, with investors eyeing corporate earnings. The benchmark Nikkei 225 index climbed 0.69 percent, or 191.39 points, to 27,933.29 at the open, while the broader Topix index rose 0.34 percent, or 6.50 points, to 1,937.27.
Wall Street rallies on robust economic data
US stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite.
Rupee tanks 62 paise to close below 79 mark
The rupee slumped by 62 paise to close at 79.15 against the US dollar on Wednesday, marking its worst single-day fall in the current fiscal as widening trade deficit and US-China tensions dented the investor sentiment.
Sensex, Nifty on Wednesday
BSE Sensex seesawed between red and green but ended 214 points or 0.37 per cent higher at 58,350.53. Its NSE counterpart, Nifty50, ended 42.7 points or 0.25 per cent to close at Rs 17,388.15.
Good morning, dear reader! Here's something to kickstart your trading day
