Stock Market Live Updates: SGX Nifty signals a negative start for Dalal Street

The Indian rupee is expected to open little changed to the U.S. dollar on Tuesday amid hawkish comments from U.S. Federal Reserve officials and a recovery in the Chinese yuan. The rupee is tipped at around 81.66-81.70 to the dollar, compared with 81.67 in the previous session. The local has been in a narrow range mostly over the last few sessions, supported at the 81.90 level and facing resistance at near 81.50.

Nifty futures on the Singapore Exchange traded 75 points or 0.44 points lower at 7.15 am, signalling a negative start for Dalal Street.

Stocks painted a mixed picture in Asia as a heavy police presence deterred Covid protests in China and traders weighed comments from Federal Reserve officials stressing the need for more interest rate hikes. Equities rose in Hong Kong and mainland China, fell in Japan and fluctuated in Australia.

US stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production.

S&P 500 declined 1.54%
Nasdaq Composite Index lost 1.58%
Dow Jones Industrial Average fell 1.45%

The dollar clawed back earlier losses on Monday as a hawkish Federal Reserve official laid out the case for further rate hikes, while the Australian dollar sank on concerns about unrest over COVID-19 restrictions in China. The greenback was last down 0.23% to 138.82 Japanese yen. The euro dipped 0.62% to $1.0403.

Oil prices dropped in early trade, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs.

Brent crude futures fell 45 cents, or 0.5%, to trade at $82.74 a barrel at 0113 GMT. U.S. West Texas Intermediate (WTI) crude futures dropped 51 cents, or 0.7%, to $76.73 a barrel.

Bharat Heavy Electricals, Delta Corp, and Indiabulls Housing Finance. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

Foreign portfolio investors (FPIs) on Monday net bought shares worth Rs 936 crore, provisional data showed. DIIs also purchased shares to the tune of Rs 88 crore.

A fall in the dollar index helped the Indian unit erase the intraday losses and end marginally higher against the greenback on Monday. The rupee settled at 81.67 a dollar, against 81.68 on Friday.

The 30-share Sensex ended 211 points higher at 62,504, while its broader peer Nifty 50 ended above the 18,550 level after touching a new peak of 18,614.

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