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Economic Times | 19 Jan, 2023 | 08:20AM 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 slip after weak US consumer data stoked recession worries
Asian stock markets struggled to make headway on Thursday, after weak U.S. consumer data stoked recession worries and nudged investors toward safe assets such as bonds, while Japan's yen rose as markets doubted the Bank of Japan's policy commitments.
Quarterly earnings today
31 companies will release earnings for the quarter ended December. Asian Paints, HUL, Hindustan Zinc, Havells India, and L&T Technology Services among the major ones.
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 83.5 points, or 0.46 per cent, lower at 18,138.50, signaling that Dalal Street was headed for a negative start on Thursday.
Tech View: Nifty above all major EMAs
Soaring above all major exponential moving averages, Nifty today formed a bullish candle on the daily chart. Today was the fourth time when the index made a higher high.
Tokyo shares open lower after US falls
Tokyo shares opened lower Thursday after global investors dumped Wall Street stocks as the latest US retail and wholesale data indicated slowing economic activity. The Nikkei 225 index fell 1.10 percent, or 295.86 points, to 26,495.26 in early trade, while the broader Topix index lost 0.90 percent, or 17.41 points, to 1,917.52.
Wall Street sinks after weak data, hawkish Fed comments
The S&P 500 and the Dow lost almost 2% on Wednesday, their biggest daily drops in more than a month, after weak economic data fueled recession worries while hawkish comments from Federal Reserve officials soured investor moods further.
Oil down 1% on another surprise build in U.S. crude stocks
Oil prices fell on Thursday after industry data showed a large unexpected increase in U.S. crude stocks for a second week, heightening concerns of a drop in fuel demand. U.S. West Texas Intermediate (WTI) crude futures declined by 86 cents, or 1.1%, to $78.62 a barrel at 0109 GMT, while Brent crude futures fell 73 cents, or 0.9%, to $84.25 a barrel, extending losses of around 1% from Wednesday.
Rupee rises 28 paise to 81.41 against US dollar
Snapping a three-day declining streak, the rupee rebounded 28 paise to close at 81.41 against the US dollar on Wednesday, tracking a weak greenback overseas and a firm trend in domestic equities.
Sensex, Nifty on Wednesday
The BSE Sensex index ended 390 points or 0.64% higher at 61,046, while Nifty50 rose 112 points or 0.62% to settle at 18,165.
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