LIVE BLOG
Economic Times | 09 Mar, 2023 | 08:07AM IST
Stock Market Live Updates: SGX Nifty signals a muted start; Asian shares trade mixed
Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.
!1 New UpdateClick here for latest updates
Asian shares stutter, dollar buoyant as data supports hawkish Powell
Asian shares wobbled while the dollar was perched near a three-month top on Thursday after a spate of economic data overnight appeared to support Federal Reserve Chairman Jerome Powell's hawkish guidance on further interest rate increases.
SGX Nifty signals a muted start
Nifty futures on the Singapore Exchange traded 5 points, or 0.03 per cent, higher at 17,805, signaling that Dalal Street was headed for a muted start on Thursday.
Tech View: Nifty charts show buy on dips mode.
Indicating that traders are finding ‘buy on dips’ opportunity in the market, Nifty today formed a bullish candle with a longer lower shadow. Now, till it holds above 17,700 zones, the momentum may extend towards 17,850-17,950 zones whereas supports are shifting higher at 17,635-17,525 zones, said Chandan Taparia of Motilal Oswal.
Tokyo stocks open higher
Tokyo stocks opened higher on Thursday, with investors taking heart from rallies over the past few days but also searching for clues after mixed Wall Street results.
S&P 500 barely gains as investors eye upcoming jobs data, rate hikes
The S&P 500 index closed slightly higher while the Dow dipped on Wednesday as investors grappled with mixed messages from Federal Reserve Chair Jerome Powell and U.S. economic data ahead of upcoming labor and inflation reports that are expected to determine the central bank's future rate hiking path.
Rupee falls 3 paise to close at 81.95 against US dollar
The rupee depreciated 3 paise to close at 81.95 against the US currency on Wednesday as a strong dollar in the overseas market weighed on investor sentiments.
Oil near flat as US crude stock draw contends with economic concerns
Oil prices were near flat on Thursday, as a larger-than-expected draw in U.S. crude stocks contended with worries that more aggressive U.S. interest rate rises would strain economic growth and therefore dent oil consumption.Brent crude futures had edged higher by 5 cents to $82.71 per barrel by 0103 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 5 cents to $76.71 a barrel.
Sensex, Nifty on Wednesday
The 30-share BSE benchmark Sensex rose 124 points or 0.21% to settle at 60,348. The broader NSE Nifty surged 43 points or 0.24% to end at 17,754.
Good morning, dear reader! Here's something to kickstart your trading day
