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Economic Times | 30 Sep, 2022 | 08:40AM IST
Stock Market Live Updates: SGX Nifty signals a negative start; Asian stocks trade lower
Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.
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Rupee seen higher on current account deficit surprise, dollar retreat
The Indian rupee is expected to open higher against the U.S. dollar on Friday, after the country reported a lower-than-expected current account deficit for the June quarter. The dollar index pulling back further from multi-year highs will likely be an additional boost for the rupee, traders said. The rupee is likely to open around 81.65-81.70 per dollar, up from 81.86 in the previous session.
Asian shares head for worst month since pandemic started
Asian shares on Friday were headed for the worst month since the onset of the COVID-19 pandemic, while jitters in currency and bond markets persisted over hawkish talk from central banks, worries about global recession and rising geopolitical risk.
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 56.5 points, or 0.34 per cent, lower at 17,755.50, signaling that Dalal Street was headed for a negative start on Friday.
Tech View: Nifty fails to stage a rebound
The Nifty50 formed a long bearish candle on the daily charts on Thursday as the index ended with a loss of 40.5 points near the 16,800 mark on the monthly expiry day. Making lower highs and lower lows for the seventh consecutive day, the Nifty has faced resistance from its 200-DMA level.
Tokyo stocks open lower, extending US falls
Tokyo stocks opened lower on Friday, extending falls on Wall Street where higher US Treasury yields, inflation and rising recession fears persisted. The benchmark Nikkei 225 index was down 0.58 percent, or 153.51 points, at 26,268.54 in early trade, while the broader Topix index dropped 0.43 percent, or 8.04 points, to 1,860.76.
Wall Street ends down sharply; investors fret over economy
Wall Street ended sharply lower on Thursday on worries that the Federal Reserve's aggressive fight against inflation could hobble the U.S. economy, and as investors fretted about a rout in global currency and debt markets.
Oil steadies on prospect of OPEC+ output cut, weaker dollar
Oil prices were little changed in early trade on Friday but headed for their first weekly gain in five weeks, underpinned by a weaker U.S. dollar and the possibility that OPEC+ may agree to cut crude output when it meets on Oct. 5.
Rupee recovers from record lows to close at 81.73 against dollar
The rupee on Thursday recovered from record lows to settle 20 paise higher at 81.73 against US dollar ahead of the RBI monetary policy decision scheduled to come out on Friday.
Sensex, Nifty on Thursday
The 30-share Sensex declined 188 points to end at 56,410. Its broader peer, Nifty50, ended at 16,818, down 40 points.
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