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SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 95 points, or 0.57 per cent, lower at 16,494, signaling that Dalal Street was headed for a negative start on Monday.
Asian shares brace for US inflation
Asian shares made a muted start on Monday as caution gripped ahead of a critical reading on US inflation, while the euro gained on the yen amid wagers the European Central Bank will take a major step toward policy tightening this week.
Oil jumps after Saudi Arabia hikes crude prices
Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July, an indicator of how tight supply is even after OPEC+ agreed to accelerate its output increases over the next two months. Brent crude futures were up $1.80, or 1.5%, at $121.52 a barrel at 2319 GMT after touching an intraday high of $121.95, extending a 1.8% gain from Friday.
Q4 results today
Urja Global,Setco Automotive, AVG Logistics, Cinevista, Marshall Machines, Chadha Papers, and APT Packaging are among companies which will announce their quarterly earnings today. Dhanvantri Jeevan Rekha, Ind-Agiv Commerce, Alpha Hi-Tech Fuel and Arihant Institute are some other companies scheduled to report March quarter results today.
Tech View: Nifty sees selling pressure at higher levels
Nifty50 on Friday erased intraday gains to end lower, forming a long bearish candle on the daily chart. On the weekly scale, it formed a small bullish candle with a long upper wick, suggesting selling pressure at higher levels. Analysts see support at 16,400 while they see resistance at 17,000 level.
US stocks end lower on Friday
Wall Street’s three major stock indexes ended lower on Friday after a solid jobs report ate in to hopes for a pause in the Federal Reserve’s aggressive policy-tightening which is needed to cool decades-high inflation. The Dow Jones Industrial Average fell 348.58 points, or 1.05%, to 32,899.7, the S&P 500 lost 68.28 points, or 1.63%, to 4,108.54 and the Nasdaq Composite dropped 304.16 points, or 2.47%, to 12,012.73.
Rupee settles 6 paise lower at 77.66 against dollar
The rupee pared initial gains and settled 6 paise lower at 77.66 against the US dollar on Friday, in line with a muted trend in domestic equities. Forex traders said persistent foreign fund outflows and widening trade deficit weighed on the local unit.
Sensex, Nifty on Friday
The 30-share pack Sensex declined marginally by 48.88 points or 0.09 per cent to end the session at 55,769.23. Its broader peer Nifty50 settled 43.70 points or 0.26 per cent but managed to hold the 16,550 mark.
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