Stock Market Live Updates: SGX Nifty signals a positive start; Tokyo stocks open higher

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LIVE BLOG

Economic Times | 01 Aug, 2022 | 07:10AM IST

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

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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 225 index gained 0.05 percent, or 14.52 points, to 27,816.16 at the open, while the broader Topix index added 0.14 percent, or 2.63 points, to 1,942.94.

US stocks rally again, close out best month since November 2020

US stocks racked up more gains Friday as Wall Street closed...

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