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LIVE BLOG
Economic Times | 04 Nov, 2022 | 09:19AM IST
Stock Market Live Updates: Opening Bell: Sensex gains 50 points, Nifty above 18,050; Bank of India rises 4%, MTNL falls 2%
Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.
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Opening Bell: Sensex gains 50 points, Nifty above 18,050; Bank of India rises 4%, MTNL falls 2%
Pre-open session: Sensex slips over 150 points; Nifty below 18,030
China leads Asia stocks higher
Asian equities rose on Friday, boosted by Hong Kong and China stocks, while the dollar was set for its best week in more than a month as investors priced in the prospect of the Federal Reserve taking interest rates above 5% next year. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.09% higher, while Australia's S&P/ASX 200 index rose 0.27%.
Quarterly earnings today
Titan Company, Cipla, Britannia Industries, Interglobe Aviation, Marico, TVS Motor Company, Escorts Kubota and GAIL (India) are among companies that will announce their quarterly earnings today.
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 24.5 points, or 0.14 per cent, lower at 18,090, signaling that Dalal Street was headed for a negative start on Friday.
Tech View: Nifty forms bullish candle
Trading within a range of 18,000-18,200 for the last four days, headline index Nifty formed a small positive candle on the daily chart with a minor upper shadow, indicating a buy-on-dips opportunity in the market at the highs.
Tokyo stocks open lower with eyes on US jobs data
Tokyo stocks opened lower on Friday, with investors disheartened by falls on Wall Street and focus shifting to key US jobs data due later in the day. The benchmark Nikkei 225 index was down 1.34 percent, or 371.41 points, at 27,291.98 in early trade, while the broader Topix index slipped 0.86 percent, or 16.69 points, to 1,923.77.
US stocks close lower on Fed rate hike worry
US stocks closed lower for a fourth consecutive session on Thursday as economic data did little to alter expectations the Federal Reserve would continue raising interest rates for longer than previously thought.
Oil prices drop as demand fears dominate
Oil prices slid in early trade on Friday, extending losses from the previous session on fears U.S. interest rates will go higher than previously expected and fresh concerns that COVID outbreaks will dent fuel demand in China.
Rupee falls 8 paise to 82.88 against US dollar
The rupee depreciated by 8 paise to close at 82.88 against the US dollar on Thursday, after the US Federal Reserve raised interest rates and maintained a hawkish stance.
Sensex, Nifty on Thursday
The 30-share Sensex ended 70 points lower at 60,836, while its broader peer Nifty 50 ended just above the 18,050 level.
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