STOCK MARKET LIVE UPDATES: SGX Nifty signals a muted start; Tokyo stocks open lower

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Economic Times | 21 Jul, 2022 | 07:12AM IST

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

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Tokyo shares open lower ahead of BoJ decision

Tokyo stocks opened lower Thursday as investors locked in profits after recent gains while awaiting a Bank of Japan policy decision later in the day.The benchmark Nikkei 225 index slipped 0.04 percent, or 11.38 points, to 27,668.88 in early trade, while the broader Topix index fell 0.25 percent, or 4.47 points, to 1,941.97.

SGX Nifty signals a muted start

Nifty futures on the Singapore Exchange traded 4.5 points, or 0.03 per cent, lower at 16,493, signaling that Dalal Street was headed for a muted start on Thursday.

Quarterly earnings today

Hindustan Zinc, SRF, Mphasis, JSW Energy, IDBI Bank, Persistent Systems, CRISIL, Kajaria Ceramics, ICICI Securities, PVR, Cyient and RBL Bank are among companies that will announce their quarterly earnings today.

Tech View: Nifty50 forms bearish candle as bulls indecisive at high

The Nifty50 on Wednesday climbed for the fourth straight session and, in the process, topped the 16,500 level on a closing basis. That said, the index ended up forming an indecisive bearish candle on the daily chart after a gap-up opening, suggesting investors were indecisive at highs. Analysts see selling at highs. They believe the index could face resistance around the 16,650 level.

Oil prices edge lower as demand concerns outweigh tight supply

Oil prices fell on Thursday for a second straight session, as demand concerns outweighed tight global supply after U.S. government data showed tepid gasoline demand during the peak summer driving season. Brent crude futures fell 37 cents, or 0.3%, to $106.55 a barrel by 0003 GMT. WTI crude futures fell 33 cents, or 0.3%, to $99.55 a barrel.

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