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Economic Times | 06 Sep, 2022 | 08:39AM IST
Stock Market Live Updates: SGX Nifty signals a positive start; Asian 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 China stimulus, upcoming rate action
Asian shares rose on Tuesday morning after China pledged to make renewed efforts to boost its economy on Monday, while investors pinned hope on more clarity ahead of a number of central bank meetings.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 47.5 points, or 0.27 per cent, higher at 17,732, signaling that Dalal Street was headed for a positive start on Tuesday.
Quarterly earnings today
Nagarjuna Fertilizers and Chemicals, Worldwide Aluminium, Jayant Infratech and Arambhan Hospitality Services are among companies that will announce their quarterly earnings today.
Tech View: Nifty50 forms a bullish candle; it's a buy on dips market, say analysts
The Nifty50 on Monday ended higher after two days of fall. The index formed a bullish candle on the daily chart and stayed in a broader range. Analysts said the index faces resistance at 17,780-800 a breach of which can attract buying. They see immediate support at 17,500. It's a buy-on dips market, they said.
Oil dips on symbolic OPEC+ output cut
Oil prices slipped early on Tuesday, paring the previous session's 3% gain, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to stem the market's recent slide. Brent crude futures fell 33 cents, or 0.3%, to $95.44 a barrel at 0054 GMT.
Tokyo stocks open lower
Tokyo stocks opened lower on Tuesday in subdued trade, with few fresh market-moving events after a holiday for US bourses. The benchmark Nikkei 225 index was down 0.17 percent, or 46.11 points, at 27,573.50 in early trade, while the broader Topix index was down 0.25 percent, or 4.91 points, at 1,923.88.
Rupee rises 9 paise to close at 79.78 against US dollar
The rupee appreciated 9 paise to close at 79.78 against the US dollar on Monday, in line with a firm trend in domestic equities.
Sensex, Nifty on Monday
The 30-share Sensex rose 442.65 points to end at 59,245.98. Its broader peer, Nifty50, ended at 17,665.80, up 126.35 points.
Good morning, dear reader! Here's something to kickstart your trading day
