Stock Market Live Updates: SGX Nifty signals a negative start; Australian stocks open lower

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Economic Times | 23 Sep, 2022 | 08:27AM IST

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

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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 lowe...

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