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Economic Times | 12 Jan, 2023 | 07:48AM IST
Stock Market Live Updates: SGX Nifty signals a positive start; Asian shares trade higher
Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.
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Asia stocks hit 7-month high on China and CPI bets
Asian stock markets mostly pushed higher on Thursday, ahead of U.S. consumer price data that investors hope will confirm inflation is in retreat, while the yen rose with a report Japan will next week review the side-effects of its ultra-easy policy. Following gains for Wall Street indexes overnight, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% and touched an almost seven-month high.
Oil rises on China demand optimism
Oil prices rose in early trade on Thursday, building on gains in the previous session as China's demand outlook improves and concerns rise over the impact of sanctions on Russian supply.
Quarterly earnings today
19 companies will release earnings for the quarter ended December. Infosys, HCL Technologies, Cyient among the major ones.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 60 points, or 0.33 per cent, higher at 18,010, signaling that Dalal Street was headed for a positive start on Thursday.
Tech View: Nifty forms small red candle
Nifty formed a small negative candle with minor upper and lower shadow on the daily chart today. As the pattern comes after yesterday’s weakness, analysts said it signals a minor halt in the underlying trend of the market.
Tokyo shares flat as investors await US CPI
Tokyo shares hovered in a narrow band Thursday as investors awaited the release of US consumer price data while hoping for slowing US inflation and less aggressive rate hikes.The benchmark Nikkei 225 index was off 0.03 percent, or 7.82 points, at 26,438.18 in morning trade, while the broader Topix index added 0.14 percent, or 2.62 points, to 1,903.87.
Wall Street ends sharply higher on optimism before key inflation report
U.S. stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes.
Rupee gains 13 paise to 81.61 against US dollar
The rupee gained 13 paise to close at 81.61 against the US dollar on Wednesday, driven by foreign inflows from bonds selling and overall weakness in crude oil prices.
Sensex, Nifty on Wednesday
The Nifty50 index ended 18 points or 0.10% lower at 17,896, while S&P BSE Sensex fell 10 points or 0.02% to settle at 60,105.
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