Stock Market LIVE Updates: SGX Nifty signals a positive start for Dalal Street

Nifty futures on the Singapore Exchange traded 52.50 points or 0.31% higher at 17,076, signalling a positive start for Dalal Street.

Asian stocks climbed Tuesday following gains on Wall Street as immediate concerns over the strength of the global financial system dissipated.

• South Korea’s Kospi index rose 0.5%
• Australia’s S&P/ASX 200 Index rose 1.2%
• Hong Kong’s Hang Seng futures rose 1.3%

US stocks jumped on Monday after a deal to rescue Credit Suisse and central bank efforts to bolster confidence in the financial system relieved investors, while participants also weighed the likelihood of a pause in rate hikes from the Federal Reserve this week.

• Dow Jones Industrial Average rose 1.2%
• S&P 500 gained 0.89%
• Nasdaq Composite added 0.39%

The dollar regained some ground on Tuesday but was pinned near a five-week low as traders tiptoed back into riskier assets after UBS' state-backed takeover of Credit Suisse allayed some fears of a widespread, systemic banking crisis. The dollar slipped 0.12% to 131.15 against the Japanese yen , while the U.S. dollar index, which measures the greenback against a basket of currencies, fell 0.04% to 103.30.

Oil prices stabilised on Tuesday after falling early in the previous session on investor worries that recent banking-sector problems would weigh on the global economy and limit demand for crude.

Brent crude futures for May settlement gained 5 cents and traded at $73.84 per barrel by 0049 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 9 cents to $67.73 a barrel. In the previous session, both Brent and WTI fell about $3 a barrel before settling higher. The April WTI contract expires on Tuesday; May is the most active contract for WTI.

1) Indiabulls Housing Finance
2) Biocon

Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

Foreign portfolio investors (FPIs) have net sold shares worth Rs 2,545 crore on Monday. DIIs, on the other hand, bought shares worth Rs 2,876 crore.

The rupee fell by 4 paise to 82.63 against the US dollar on Monday, tracking negative sentiments in the domestic as well as global equity markets.

The NSE Nifty fell 111.65 points or 0.65% to close at 16,988.40. The BSE Sensex declined 360.95 points or 0.62% to end at 57,628.95.

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