Stock Market Live Updates: SGX Nifty signals a negative start; Asain stocks trade lower

view original post

!1 New UpdateClick here for latest updates

Pre-open session: Sensex slips over 100 points; Nifty below 17,590


M&M Financial responds to RBI circular

JUST IN: Glenmark receives EIR from USFDA indicating closure of the inspection at Aurangabad facility

Bonds lead losses as rate hikes hit; yen in focus

Asian stocks limped toward a fourth straight weekly decline on Friday and bonds nursed big losses as investors scrambled to catch up with the U.S. Federal Reserve’s interest rate outlook, while currency markets were on edge at the end of a wild week.

Mega Merger: 7 metal companies of Tata Group to be merged with Tata Steel

In an attempt to consolidate its metal business, the Tata Group on Friday announced the merger of seven of its metal companies into Tata Steel. The decision was taken at a board meeting of the company held yesterday, an exchange filing said.

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 74 points, or 0.42 per cent, lower at 17,566, signaling that Dalal Street was headed for a negative start on Friday.

Tech View: Nifty recovers marginally from US Fed outcome

The Nifty50 recouped some losses as it staged a smart bounce back from its crucial support placed near 17,500-17,550 levels. It formed a small-bodied candle on the daily charts.

Australia shares hit over two-month low on Fed’s stance

Australian shares hit a more than two-month low on Friday, as investors returning to trading after a one-day holiday exited riskier assets, following the U.S. Federal Reserve reiterating its hawkish monetary policy outlook to fight searing inflation.

Wall Street ends down for third day as growth concerns weigh on tech

Major Wall Street indexes ended lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve’s latest aggressive move to rein in inflation by selling growth stocks, including technology companies.

Oil prices rise as Iran deal stalls, Russian supply amid conflict

Oil prices rose in early Asian trade on Friday on the prospect that a stalled Iran nuclear agreement and Moscow’s new mobilization campaign in its invasion of Ukraine would further restrict global supplies.

Rupee tanks 83 paise to close at record low of 80.79 on Fed rate hike

The rupee plunged by 83 paise — its biggest single-day loss in nearly seven months — to close at an all-time low of 80.79 against the US dollar on Thursday after the US Federal Reserve’s interest rate hike and its hawkish stance weighed on investor sentiments.

Sensex, Nifty on Thursday

Led by losses in banks and financials, and after the US Fed projections turned out to be harsher than expected, domestic indices ended in the red for the second day in a row on Thursday. While the Sensex ended 337 points lower, Nifty declined 0.5% to end the weekly expiry day above 17,600.

Good morning, dear reader! Here’s something to kickstart your trading day