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Economic Times | 01 Mar, 2023 | 08:04AM 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 pinned to lows as rate fears weigh
Asian stocks struggled to come off two-month lows on Wednesday and the safe-haven dollar was firm as concerns about rising interest rates and slowing global growth kept the mood downbeat, while markets waited on economic data to chart the course ahead.
Oil prices rise as China factory gains boost demand outlook
Oil prices rose for a second day on Wednesday as reports of expanding manufacturing activity in China, the world's biggest crude importer, boosted the outlook for global fuel demand.Brent crude oil for May was up 24 cents, 0.3%, to 83.69 a barrel at 0214 GMT. The April contract expired on Tuesday up $1.44, or 1.8%, at $83.89.
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 41 points, or 0.24 per cent, lower at 17,358, signaling that Dalal Street was headed for a negative start on Wednesday.
Tech View: Nifty settles below 200-DMA
After the downside breakout of immediate support of the ascending trend line at 17490 levels on 24th Feb, the market has been showing weakness in the next two sessions thereby confirming the validity of the downside breakout, chart readers said.
Tokyo stocks open lower extending US falls
Tokyo stocks opened lower on Wednesday, extending falls on Wall Street as dealers fretted that the US Federal Reserve would push interest rates higher than expected and for longer.
Wall Street closes out weak February as Fed concerns remain
U.S. stocks closed out February in subdued fashion and each of the three major indexes ended with monthly declines, as investors continue to assess whether interest rates will remain high for an extended period of time.
Rupee gains 21 paise to close at 82.58 against US dollar
The rupee appreciated by 21 paise to close at 82.58 against the US dollar on Tuesday as suspected RBI intervention bolstered the sentiment amid continued FII outflows and firm crude oil prices.
Sensex, Nifty on Tuesday
The BSE Sensex fell 326 points or 0.55% to end at 58,962. Its broader peer, Nifty50, ended at 17,303, down 89 points or 0.51%.
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