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

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Asian stocks brace for salvo of central bank hikes

Share markets idled in Asia on Monday as investors braced for a week littered with 13 central bank meetings that are certain to see borrowing costs rise across the globe and some risk of a super-sized hike in the United States.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 19 points, or 0.11 per cent, higher at 17,582, signaling that Dalal Street was headed for a positive start on Monday.

Tech View: Nifty50 forms bearish candle on daily and weekly charts

The Indian markets closed in the red for the third consecutive day and formed a bearish candle on the daily and weekly charts, which suggests bears could remain in control in the coming week.

Wall Street drops to two-month lows as recession fears mount

U.S. stocks ended in the red on Friday, falling to two-month lows as a warning of impending global slowdown from FedEx hastened investors’ flight to safety at the conclusion of a tumultuous week.

Oil prices climb on weak dollar, supply concerns

Oil prices climbed during early Asian trade on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand.

Rupee falls 7 paise to close at 79.78 against US dollar on forex outflows

The rupee declined by 7 paise to close at 79.78 against the US dollar on Friday, tracking a strong dollar in overseas markets and losses in domestic equities.

Sensex, Nifty on Friday

NSE’s Nifty fell 346.55 points or 1.94% to close at 17,530.85. BSE’s Sensex declined 1093.22 points or 1.82% to end at 58,840.79.

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