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Economic Times | 18 Oct, 2022 | 08:24AM IST
Stock Market Live Updates: SGX Nifty signals a positive start; Asian shares trade higher
Stock Market Today Live: Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.
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Asia stocks rise as relief rally builds after UK U-turn
Asia stocks nudged higher on Tuesday as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the U.S. dollar took a breather at its lowest levels in more than a week as a revival in risk-taking lowered its appeal.
Oil prices steady on U.S. dollar weakness; recession fears weigh
Oil prices steadied in early Asian trade on Tuesday as a weaker U.S. dollar lent support, although rising shale production and fears that stubbornly high inflation could lead the world economy into a recession limited gains.
Quarterly earnings today
ICICI Lombard,Schaeffler India, Gujarat Fluorochemicals, Polycab India, Tata Communications, KPIT Technologies, Mahindra CIE, HFCL, Praj Industries, Sonata Software and L&T Technology Services are among companies that will announce their quarterly earnings today.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 106.5 points, or 0.62 per cent, higher at 17,421.5, signaling that Dalal Street was headed for a positive start on Tuesday.
Tech View: Nifty bulls make a comeback after consolidating
As the headline equity index, Nifty, ended above the 17,300-mark, a long bull candle was formed on the daily chart, placed beside the long negative candle of Friday. Technical analysts said this pattern indicates the comeback of bulls after a consolidation movement of the previous session.
Tokyo stocks open higher extending US rallies
Tokyo stocks opened higher Tuesday as investors took heart from rallies on Wall Street on eased worries over corporate earnings. The benchmark Nikkei 225 index was up 1.54 percent, or 413.56 points, at 27,189.35 in early trade, while the broader Topix index was up 1.29 percent, or 24.25 points, at 1,903.81.
Wall Street rallies after BofA results, UK reversal
U.S. stocks kicked off the trading week on Monday with a rally after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results, which lifted optimism about the corporate earnings season.
Rupee ends unchanged amid likely central bank intervention
The Indian rupee ended flat on Monday, while its Asian counterparts dropped on recession fears, as the Reserve Bank of India's likely intervention continued supporting the local currency.
Sensex, Nifty on Monday
The 30-share Sensex ended 491 points higher at 58,411. Its broader peer, Nifty50, ended at 17,311, up 126 points.
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