Stock Market Live Updates: SGX Nifty signals a positive start; Asian stocks trade mixed

1 week ago 28

LIVE BLOG

Economic Times | 01 Aug, 2022 | 09:08AM IST

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

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Asian shares off to sluggish start, China data soft

Asian share markets got off to a slow start on Monday as disappointing Chinese economic data fed doubts last week's rally on Wall Street could be sustained in the face of determined policy tightening by global central banks

Quarterly earnings today

ITC, Varun Beverages, UPL, Zomato, Max Financial Services, Escorts Kubota, Kansai Nerolac Paints, Castrol India and The Ramco Cements are among companies that will announce their quarterly earnings today.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 31 points, or 0.18 per cent, higher at 17,262.50, signaling that Dalal Street was headed for a positive start on Monday.

Tech View: Bullish engulfing candle on monthly chart reflects improved sentiment

Nifty50 on Friday climbed for the third straight day and topped the 17,100 level on a closing basis. During the day, the index took out its 200-day simple moving average with a gap-up start earlier in the day and reflected strength.

Oil prices slip ahead of OPEC+ meeting

Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments. Brent crude futures dropped 63 cents, or 0.6%, to $103.34 a barrel by 0000 GMT. U.S. West Texas Intermediate crude was at $97.87 a barrel, down 75 cents, or 0.7%, after hitting a session low of $97.55 when trading commenced in Asia.

Tokyo shares open slightly higher

Tokyo stocks edged up in early trade on Monday, extending rallies on Wall Street as traders eyed upcoming corporate earnings. The benchmark Nikkei ...

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