Stock Market Live Updates: SGX Nifty signals a negative start; Tokyo stocks open slightly higher
Posted On August 24, 2022
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Oil prices fall as fears of imminent OPEC+ output cut recede
Oil prices fell on Wednesday, taking a breather from a nearly 4% surge the previous day on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+.
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 20 points, or 0.11 per cent, lower at 17,588, signaling that Dalal Street was headed for a negative start on Wednesday.
Tech View: Nifty50 forms Bullish Piercing Line pattern, signals reversal
The Nifty50 on Tuesday snapped a two-day losing run and formed a bullish candle on a daily chart. It also formed a Bullish Piercing Line pattern, which signals a possible reversal. A follow-up buying may suggest a short-term bottom is in place, said analysts.
Tokyo stocks open slightly higher ahead of Jackson Hole
Tokyo stocks edged higher Wednesday in cautious trading after modest falls on Wall Street, with all eyes on a meeting of central bankers in Jackson Hole, Wyoming this week. The benchmark Nikkei 225 index inched up 0.03 percent, or 9.72 points, at 28,462.47 in early trade, while the broader Topix index gained 0.04 percent, or 0.70 points, to 1,972.14.
Wall Street ends down as investors eye slowing economy
Wall Street ended down on Tuesday as investors focused on data showing a slowing economy ahead of a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming.
Rupee ends almost flat against US dollar
The rupee inched up 1 paisa to settle at 79.83 against the US dollar on Tuesday amid a strong American currency in the overseas market and rising crude oil prices. At the interbank foreign exchange market, the local currency opened at 79.85 and saw an intra-day high of 79.81 and a low of 79.90 against the American currency.
Sensex, Nifty on Tuesday
After a 2-day hiatus and opening in the red, the 30-share pack Sensex recouped losses to settle 257.43 points higher at 59,031.30. Its broader peer, Nifty50, advanced 86.80 points to end above the 17,550 mark.
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