Stock Market Today: SGX Nifty gains 14 points; Asian markets off to positive start; US stocks end flat

This post was originally published on this site

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

!1 New UpdateClick here for latest updates

SGX Nifty signals a tepid start

Nifty futures on the Singapore Exchange traded merely 14.50 points, or 0.08 per cent, higher at 17,114, signaling that Dalal Street was headed for a tepid start on Thursday.

Tech View: Nifty shows bearish signs

Nifty50 on Wednesday faced heavy selling pressure after topping the 17,200 level for the first time in intraday trade. With this, the index has snapped a seven-day winning run, forming a bearish candle on the daily scale. Analysts said the index is likely to see short-term consolidation. They advised traders to buy on dips.

Stock Screener

Search, Select & Invest in Top Stocks

Hong Kong shares extend gains at open

Hong Kong stocks began with another advance on Thursday morning as investors bide their time ahead of the release of key US jobs data at the end of the week. The Hang Seng Index rose 0.67 percent, or 175.23 points, to 26,203.52. The Shanghai Composite dipped 0.20 percent, or 7.20 points, to 3,559.90, while the Shenzhen Composite Index on China’s second exchange fell 0.22 percent, or 5.32 points, to 2,412.57.

Japan stocks gain with eyes on US jobs data

Tokyo stocks opened higher on Thursday in cautious trade after a mixed close on Wall Street, with investors looking ahead to US jobs data due this week. The benchmark Nikkei 225 index was up 0.48 percent or 135.43 points at 28,586.45 in early trade, while the broader Topix index advanced 0.21 percent or 4.23 points to 1,985.02.

US stocks settled mixed

With US and global economic data sending differing signals as the surge of Covid-19 infections continues to take a toll on the recovery, Wall Street equities ended mixed Wednesday. The benchmark Dow Jones Industrial Average slipped 0.1 per cent to close at 35,312.53, while the broad-based S&P500 index ended essentially flat at 4,524.09. But the tech-rich Nasdaq Composite Index gained 0.3 per cent to kick off September by finishing at an all-time high of 15,309.38.

Candle Screener

Discover & screen trade opportunities

Rupee snaps 4-day winning streak against dollar

The rupee snapped its four-session winning run to close 8 paise lower at 73.08 against the dollar on Wednesday as muted domestic equities and a strengthening greenback overseas weighed on the market sentiment. At the interbank forex market, the local unit opened at 73.05 against the American currency and witnessed an intra-day high of 72.92 and a low of 73.50.

Sensex, Nifty on Wednesday

The Sensex and Nifty ratcheted up to fresh lifetime highs on Wednesday but failed to hold on to the gains as investors took some money off the table amid concerns over frothy valuations. The BSE Sensex ended 214.18 points or 0.37 per cent lower at 57,338.21. NSE Nifty snapped its seven-day record-setting spree, settling 55.95 points or 0.33 per cent lower at 17,076.25.

Good morning, dear reader! Here’s something to kickstart your trading day

Related Posts