Stock Market Live Updates: SGX Nifty signals a positive start; Tokyo stocks trade lower

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Economic Times | 02 Sep, 2022 | 07:47AM IST

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

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Asian shares struggle ahead of U.S. payrolls report

Asian shares were mixed and the dollar stood tall on Friday ahead of a key U.S. jobs report as investors braced for more aggressive rate hikes from the Federal Reserve, while commodities took an overnight dive amid new China lockdowns.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 43.5 points, or 0.25 per cent, higher at 17,612, signaling that Dalal Street was headed for a positive start on Friday.

Quarterly earnings today

Modulex Construction, Mewar Hi-Tech Engineering and Celestial Biolabs are among companies that will announce their quarterly earnings today.

Tech view: A Nifty50 fall below 17,350 can give bears the upper hand

After a gap-down start, the Nifty50 on Thursday ended up forming a small bullish candle on the daily scale, but with a long upper wick, suggesting intraday recovery was sold into. Analysts said the ongoing consolidation in the 17,350-17,750 range to continue going ahead.

Oil firms on bets OPEC+ will talk up output cuts to stem sinking prices

Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, but the benchmarks were still on track to post their worst weekly drop in four on fears COVID-19 curbs in China and weak global growth will hit demand.

Tokyo stocks trade lower ahead of US jobs data

Tokyo stocks traded lower on Friday morning ahead of US jobs data due later in the day. Shares had opened slightly higher, but around half an hour into the session, the benchmark Nikkei 225 index was down 0.16 percent, or 45.40 points, at 27,616.07, while ...

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