Texas markets

Live Stock Market Updates: SGX Nifty Rises 50 Bps; Asian markets, S&P500 futures fall in early trading

!1 new updateClick here for the latest updates

SGX Nifty reports positive start

Nifty futures on the Singapore Stock Exchange traded 53 points, or 0.33%, at 16,228.50, signaling that Dalal Street was heading for a positive start on Tuesday.

Tech View: Nifty likely to stay in the 16,000-16,400 range

Nifty50 formed a bearish candle on the daily chart on Monday with an upper wick, suggesting selling at higher levels. During the day, the index tested the 16,400 level. This is the level at which the index had faced resistance over the past two weeks, analysts said who believe the index could be in fork-bound action over the next few sessions.

Oil prices ease on recession worries

Oil prices eased in early trading on Tuesday as concerns over a possible recession and weaker consumption outweighed expectations of a tight global supply and a recovery in fuel demand in China after the stimulus promises from Beijing. Brent futures for July slid 35 cents, or 0.3%, to $113.07 a barrel. U.S. West Texas Intermediate (WTI) crude futures for July delivery fell 36 cents, or 0.3%, to $109.93 a barrel. Both benchmarks fell more than $1 earlier in the session.

Asian shares restricted as US futures fall

Asian stocks got off to a slow start on Tuesday after a rally on Wall Street was marred by an early drop in US stock futures. After finishing stronger on Monday, Nasdaq futures lost 1.3%, with traders blaming a Snap earnings warning that saw the Snapchat owner’s shares fall 28%. S&P 500 futures also lost 0.6%, giving up some of Monday’s 1.8% rebound. As a result, MSCI’s broadest Asia Pacific ex-Japan equity index was virtually unchanged, while the Japanese Nikkei fell 0.1%.

US indices are up to 2% higher

U.S. stocks ended higher on Monday as bank gains and a rebound in market-leading tech stocks supported a broad-based rally after Wall Street’s longest streak of weekly declines since the dotcom meltdown more than a decade ago. 20 years. The Dow Jones Industrial Average rose 618.34 points, or 1.98%, to 31,880.24, the S&P 500 gained 72.39 points, or 1.86%, to 3,973.75 and the Nasdaq Composite added 180.66 points, or 1.59%, to 11,535.28.

The rupee rebounds from 15 paise to 77.55 against the dollar

The rupee recovered from a record low and settled at 77.55 against the US currency on Monday, following a weak dollar in overseas markets and the RBI governor hinting at further rise interest rates in June to stop the rise in inflation. In the interbank foreign exchange market, the national unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session.

Sensex, nice on Monday

Stock indices squandered a strong start to close with modest losses on Monday, under pressure from strong metal inventory sales after the government imposed export duties on steel raw materials to curb soaring prices. Sensex opened strong and gained momentum as the session progressed but came under heavy selling pressure in afternoon trading to close 37.78 points or 0.07% less to 54,288.61. On similar lines, the broader NSE Nifty slipped 51.45 points or 0.32% to end at 16,214.70.

Hello, dear reader! Here’s something to start your trading day