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Economic Times | 16 Dec, 2022 | 08:35AM IST
Stock Market Live Updates: SGX Nifty signals a negative start; Asian shares trade lower
Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.
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Asian stocks knocked down by hawkish rate views
Asian stocks dropped Friday after hawkish signals from central banks sparked a rout in European and US equities.
Oil rises, poised to end week higher despite economy concerns
Oil prices rose in early Asian trade on Friday after falling 2% in the previous session on central bank interest rates hikes, and is poised to end the week higher after a series of positive oil demand forecasts.
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 64 points, or 0.35 per cent, lower at 18,395.50, signaling that Dalal Street was headed for a negative start on Friday.
Tech View: Large red candle on Nifty charts looks scary.
Indicating more weakness in the short term, headline equity index Nifty today formed a large red candle on the daily charts and negated its higher highs - higher lows formation of the last two sessions.
Tokyo stocks open lower on global recession worries
Tokyo stocks opened lower on Friday, extending sharp falls on Wall Street driven by lacklustre US retail sales data and fears central bank interest rate hikes will prompt a global recession. The benchmark Nikkei 225 index was down 1.34 percent, or 376.58 points, at 27,675.12 in early trade, while the broader Topix index fell 0.98 percent, or 19.12 points, to 1,954.61.
Wall Street slumps as Fed heightens recession fears
U.S. stock indexes closed sharply lower on Thursday, with each of the major averages suffering their biggest daily percentage drop in weeks, as fears intensified that the Federal Reserve's battle against inflation using aggressive interest rate hikes could lead to a recession.
Rupee falls 27 paise to 82.76 against US dollar
The rupee declined by 27 paise to close at 82.76 against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance dented investor sentiments.
Sensex, Nifty on Thursday
The 30-share Sensex ended 879 points lower at 61,799, while its broader peer Nifty50 ended at 18,415 level.
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