Stock Market Live Updates: SGX Nifty signals a muted start; Asian shares trade higher

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Economic Times | 09 Mar, 2023 | 08:07AM IST

Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.

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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 ...

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