The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Asian shares fall as investors brace for inflation report

  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • South Korean won, Philippines peso lead losses among subdued Asian currencies

Stock Shares
Home›Stock Shares›Market Live: Sensex jumps 500 pts, Nifty above 16,750; IT stocks gain, RIL up 2%

Market Live: Sensex jumps 500 pts, Nifty above 16,750; IT stocks gain, RIL up 2%

By Megan
June 3, 2022
16
0
Share:

Indian indices are likely to witness a positive start on Friday amid positive global cues. The last trading session surprised everyone by snapping its losing run to close higher. Globally, the Wall Street stocks rallied in overnight trade after two down sessions ahead of key jobs data, as markets fixate on the implications for inflation and monetary policy. Oil held gains in Asia, and was set for a sixth weekly advance, after a keenly anticipated OPEC+ supply meeting delivered only a modest increase in output. In Asia, shares rose in Japan, Australia, and South Korea, while markets in Shanghai and Hong Kong were closed for public holidays.  

03 Jun 2022, 10:16:33 AM IST

Indian shares touch four-week high, set for third weekly gain

Indian shares rose to a four-week high on Friday and were set for their third straight weekly gain, propped up by a strong recovery in beaten-down technology stocks.

The NSE Nifty 50 index was up 0.85% at 16,770.1, as of 0402 GMT, while the S&P BSE Sensex rose 0.95% to 56,350.21. The indexes are set for weekly advances of 2.5% each, if gains hold.

The Nifty IT index rose as much as 2.4% and was set for a weekly gain of around 6%, after declining for eight consecutive weeks. The index has dropped 23% so far this year.

Shares of UltraTech Cement reversed early gains to fall up to 2.5% after the company said it would spend 128.86 billion rupees ($1.66 billion) to increase its annual capacity as it looks to stave off competition from the sector’s newest entrant Adani Group.

03 Jun 2022, 10:13:39 AM IST

Rupee surges 13 paise to 77.47 against US dollar in early trade

The rupee appreciated 13 paise to 77.47 against the US dollar in opening trade on Friday, supported by a fall in the dollar index and positive domestic equities.

At the interbank foreign exchange, the rupee opened at 77.47 against the American dollar, registering a rise of 13 paise from the last close.

On Thursday, the rupee had settled at 77.60 against the US dollar.

According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the Indian rupee opened stronger against the dollar on Friday tracking the overnight weakness of the dollar.

03 Jun 2022, 10:10:35 AM IST

Aether Industries shares list at premium over IPO issue price

Shares of Aether Industries made positive stock market debut on Friday with the stock listing at ₹704 apiece on the NSE, a premium of more than 9% as compared to its IPO issue price of ₹642 per share. On the BSE, eMudhra shares started trading at ₹706.

03 Jun 2022, 10:02:18 AM IST

Top BSE losers: Raymond, The Ramco Cements, Dalmia Bharat top laggards

BSE

View Full Image

BSE
03 Jun 2022, 09:48:55 AM IST

BSE top gainers: Indiabulls Housing Finance, TCI Express lead

BSE

View Full Image

BSE
03 Jun 2022, 09:38:41 AM IST

Top BSE indices in early trade: Sensex jumps over 500 points amid positive global trends

BSE

View Full Image

BSE
03 Jun 2022, 09:31:46 AM IST

IT stocks in high demand in early trade, surges over 2%; KPIT Tech top gainer, BCG top loser

BSE

View Full Image

BSE
03 Jun 2022, 09:30:05 AM IST

Drone stock hits upper circuit on four successive days after Q4 results

Multibagger stock: Rattanindia Enterprises share price has been appreciating after the announcement of its strong Q4 results. Amongst one of the multibagger stocks in 2021, RattanIndia shares have hit upper circuit on four successive days in a row as it has been hitting upper circuit since Monday. In its Q4 results announced on Monday via Indian exchanges, the drone maker company ahs reported total income of ₹47.90 crore against ₹0.53 crore in Q3 FY22 and ₹0.76 crore in Q4FY21.

03 Jun 2022, 09:23:55 AM IST

Nifty50 opens above 16,750 amid positive global cues; TechM, Wipro, HCL Tech top performers, Shree Cement, Britannia drag

NSE

View Full Image

NSE
03 Jun 2022, 09:20:52 AM IST

Sensex at open: Trades 550 points higher; HCL Tech, Wipro, Infy, Reliance top gainers, UltraTech Cement drags

BSE

View Full Image

BSE
03 Jun 2022, 09:14:00 AM IST

Nifty50 at pre-open: Surges above 16,750; UltraTech, HCL top performers

NSE

View Full Image

NSE
03 Jun 2022, 09:11:41 AM IST

Sensex at pre-open: Jumps over 400 points amid positive global cues; UltraTech, Bajaj Finserv, Kotak Bank top gainers

BSE

View Full Image

BSE
03 Jun 2022, 08:54:59 AM IST

Day trading guide for Friday

6 stocks to buy or sell today — 3rd June

03 Jun 2022, 08:38:25 AM IST

Aether Industries share listing today. Experts predict ‘positive’ debut

Shares of Aether Industries are going to hit Indian bourses today. As per the information available on BSE website, Aether Industries shares are going to become available for trade on NSE and BSE from 3rd June 2022m as Aether IPO listing date has been fixed on 3rd June 2022 i.e. today. The BSE website further informed that shares of the chemical company will be listed in a special per-opening session at around 10 AM today.

03 Jun 2022, 08:35:24 AM IST

Multibagger Penny stock to consider allotment of 1:1 bonus shares

Bonus shares 2022: Multibagger penny stock Mishtann Foods Ltd has informed Indian exchanges that the meeting of the board of directors of the company is scheduled on 9th June 2022 to consider and approve allotment of bonus shares. The company has already announced the proposal to issue 1:1 bonus shares to eligible shareholders of the company. In its communication with BSE, Mishtann Foods Ltd has revised its record date for bonus share and now company board has fixed record date for bonus share issue on 3rd June 2022 i.e. today.

03 Jun 2022, 08:29:03 AM IST

Bitcoin rebounds, other crypto prices today also gain. Check latest rates

Cryptocurrency prices today gained with Bitcoin rebounding after slumping along with stocks in the previous session, meeting resistance at the $30,000 level around which it’s been trading for the past month. The world’s largest and most popular cryptocurrency rose more than 2% and was trading at $30,622.

03 Jun 2022, 08:19:37 AM IST

Gold hits 1-month high as dollar weakens, set for weekly gain

Gold prices scaled a one-month peak on Friday, riding on a weaker US dollar that has also put bullion on track for a third straight weekly gain. Spot gold was up 0.2% at $1,871.28 per ounce, as of 0214 GMT, its highest level since May 9. Gold prices have risen about 1% so far this week. US gold futures also climbed 0.2% to $1,874.50. The dollar edged lower, making greenback-priced bullion more attractive for overseas buyers.

03 Jun 2022, 08:10:07 AM IST

Dollar wavers as traders await US jobs update

The dollar wobbled toward its first steady week in three on Friday as traders looked to U.S. jobs data later in the day for clues as to how far and fast the Federal Reserve might raise interest rates.

Markets have locked in consecutive 50-basis-point Fed hikes in June and July but the dollar has been pushed around this week by uncertainty about what happens after that.

The dollar rose through the early part of the week on nerves that record high inflation in Europe was a harbinger of sharply higher rates everywhere. But it fell overnight and stocks rallied as mixed U.S. economic data muddied the outlook.

The dollar lost about 0.9% on the euro on Thursday, falling to $1.0750. It fell further to $1.0760 early in an Asia session thinned by holidays in China and Hong Kong. A holiday in Britain is also likely to thin London trade.

03 Jun 2022, 07:56:50 AM IST

Asian stocks advance ahead of key US jobs report

Asian shares followed their US peers higher Friday ahead of a key jobs report as traders weighed the outlook for inflation and growth.

Stocks rose in Japan, Korea and Australia while US futures fluctuated. On Thursday, the S&P 500 rose 1.8%, led by gains in consumer discretionary shares, while the tech-heavy Nasdaq 100 added 2.8%.

Markets are shut in Hong Kong and China, where officials have vowed to carry out a slew of government policies to stimulate the economy. The offshore yuan rose amid thin trading in Asia.

A Bloomberg gauge of the dollar steadied after overnight losses while the yen held near the psychologically important 130 level against the greenback. Benchmark Treasury yields edged up to 2.92%.

03 Jun 2022, 07:49:03 AM IST

Oil prices steady on doubts OPEC+ can make up Russian deficit

Oil prices were roughly unchanged on Friday, clinging to gains made in the previous session on doubts that producers belonging to OPEC+ can hike their crude output enough to make up for lost supply from Russia.

U.S. West Texas Intermediate (WTI) crude futures were up 1 cent at $116.88 a barrel at 0112 GMT, while Brent crude futures were up 7 cents at $117.68 a barrel.

A decision on Thursday by the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, to boost output by 648,000 barrels per day (bpd) in July and August, instead of by 432,000 bpd as previously agreed, was seen as hardly enough for a tight market.

The increases were divided proportionally across the member countries, but with Russia included in the pact and members like Angola and Nigeria already failing to meet their existing targets, analysts said the supply increase was likely to be less than the announced volume.

03 Jun 2022, 07:36:19 AM IST

Tokyo stocks open higher tracking US gains

Tokyo stocks opened higher on Friday, extending rallies on Wall Street ahead of US jobs data due later in the day.

The benchmark Nikkei 225 index was up 0.92 percent, or 251.42 points, at 27,665.30 in early trade, while the broader Topix index advanced 0.60 percent, or 11.52 points, to 1,937.91.

Friday is “a positive day for risk sentiment ahead of US payrolls tonight on no new news,” said Tapas Strickland, senior economist at National Australia Bank, noting that US equities were up and Treasury yields were stable.

Wall Street stocks rallied after two negative sessions ahead of key jobs data, as markets fixate on the implications for inflation and monetary policy.

03 Jun 2022, 07:30:13 AM IST

Global stock markets rise, US yields fall ahead of employment data

Global equity markets rose while U.S. yields were lower on Thursday after lower-than-expected private payrolls data stirred hopes that the American economy was likely cooling and the Federal Reserve might be persuaded to modify its aggressive stance on interest rates and inflation.

The ADP National Employment Report on Thursday showed that private payrolls rose by 128,000 jobs in May, which was much lower than the consensus estimate of 300,000 jobs and suggested that demand for labor was starting to slow.

If the private payrolls data is reaffirmed by the Labor Department’s more comprehensive jobs report on Friday, then the Fed would be unlikely to continue its pace of rate hikes, said Sandy Villere, portfolio manager at Villere & Co in New Orleans.

The MSCI world equity index, which tracks shares in 50 countries, was up 1.42%. The pan-European STOXX 600 index gained 0.57%.

U.S. Treasury yields pulled back from recent highs ahead of the closely watched employment report and what it could indicate about the possible trajectory of interest rates.

On Wall Street, the S&P and the Dow rallied from earlier session losses and closed higher, with stocks in technology, consumer discretionary, communication services and financials sectors leading the rebound.

The Dow Jones Industrial Average rose 1.33% to 33,248.28, the S&P 500 gained 1.84% to 4,176.82 and the Nasdaq Composite added 2.69% to 12,316.90.


Download
the App to get 14 days of unlimited access to Mint Premium absolutely free!

Source link

Tagsasian marketbse nsecrude oil pricesFinancial marketsindian stock marketniftysensexshare bazaarshare marketstock marketstock market live Updatesstock market performanacestock market todaystock market updatestock markets in indiaStocks in Newsstocks to watchUS jobs dataus marketwall stree
Previous Article

What are brokers forecasting for the Westpac ...

Next Article

Cloud Access Security Brokers Market Size, Scope ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Stock Shares

    HPCL, BPCL, IOC: Will OMC stocks remain under pressure on excise duty cut?

    May 23, 2022
    By Megan
  • Stock Shares

    sensex today: Stock Market LIVE Updates: Sensex jumps 250 points as RBI hikes rates in line with expectations; rupee trades ...

    August 5, 2022
    By Megan
  • Australian Economy

    Stocks open lower on Wall Street, extending a weak streak

    June 29, 2022
    By Megan
  • Stock Shares

    Stock Market Updates, Share Market News Today, Sensex, Nifty, Rupee Value Today, NSE/BSE Share Prices Today

    May 25, 2022
    By Megan
  • Stock Shares

    Share Market LIVE: Sensex up 200 points; Nifty near 16,200; L&T, Axis Bank lead

    July 8, 2022
    By Megan
  • Investment

    Reasons Why MGIC Investment (MTG) Stock is a Solid Pick Now – May 30, 2022

    May 30, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Investment

    Prime Capital Investment Advisors Partners With Burns Estate Planning and Wealth Advisors

  • Gold and Precious Metals

    Sigma7 Appoints Jennifer Gold as Chief Technology Officer

  • Brokers

    insurance brokers hindered by knowledge gap

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • August 10, 2022

    Asian shares fall as investors brace for inflation report

  • August 10, 2022

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • August 10, 2022

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • August 10, 2022

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • August 10, 2022

    South Korean won, Philippines peso lead losses among subdued Asian currencies

Best Reviews

Latest News

Stock Shares

Asian shares fall as investors brace for inflation report

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • South Korean won, Philippines peso lead losses among subdued Asian currencies

    By Megan
    August 10, 2022
  • Recent

  • Popular

  • Comments

  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • Australian economy survived Covid better than most but recovery could slow, OECD says | Australian ...

    By Megan
    September 14, 2021
  • The Best Online Brokers, According to 5 Financial Experts

    By Megan
    September 14, 2021
  • Is Disaster Looming for Australia’s Economy?

    By Megan
    September 29, 2021

Trending News

  • Stock Shares

    Asian shares fall as investors brace for inflation report

    People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • Gold and Precious Metals

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) and Maison Luxe (OTCMKTS:MASN – Get Rating) are both small-cap consumer discretionary companies, but which is the superior business? We will compare the ...
  • Stock Shares

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    Asian markets started on a negative note following a retreat in Wall Street. This was mostly due to the caution ahead of US inflation data that will shape nvestor expectations ...
  • Australian Economy

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    How Reserve Bank boss getting LAUGHED at on the world stage will radically change Australia’s economy The Australian Bureau of Statistics is trialing a new monthly inflation data series Reserve ...
  • Currencies

    South Korean won, Philippines peso lead losses among subdued Asian currencies

    BENGALURU (Aug 10): Most Asian currencies were subdued on Wednesday, while most stock markets in the region fell, tracking losses on Wall Street, as investors awaited US inflation data later ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.