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

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LIVE BLOG

Economic Times | 12 Sep, 2022 | 07:56AM IST

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

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Asia stocks edge up, dollar restrained before CPI

Asian share markets made cautious gains on Monday on hopes a key reading on U.S. inflation will show some cooling, while the U.S. dollar was restrained by the risk of higher European interest rates and Japanese intervention.

SGX Nifty signals a muted start

Nifty futures on the Singapore Exchange traded 2.5 points, or 0.01 per cent, higher at 17,844.50, signaling that Dalal Street was headed for a muted start on Monday.

Tech View: Nifty forms bullish candle for 2nd week, but analysts see weakness ahead

Nifty50 on Friday ended the week above 17,800 for the first time since January. However, the 50-pack index failed to hold on to opening gains and settled the session forming a bearish candle on the daily scale.

Oil prices slide as possible rate hikes weigh on demand outlook

Oil prices slipped during Asian trade on Monday as the prospect of further interest rate hikes in the United States and Europe to quell inflation and the imposition of strict COVID-19 restrictions in China overshadowed the global demand outlook.

Tokyo stocks open higher extending US gains

Tokyo stocks opened higher on Monday, tracking rallies on Wall Street as investors came to terms with the prospect of more central bank interest rate hikes. The benchmark Nikkei 225 index was up 0.96 percent, or 269.59 points, at 28,484.34 in early trade, while the broader Topix index was up 0.75 percent, or 14.83 points, at 1,980.36.

Wall Street scores first weekly gain since mid-August

U.S. stocks rallied on Friday, with the major indexes recording their first weekly gain in four weeks as inve...

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