Stock Market Live Updates: SGX Nifty drops 69 points; Asian shares, oil prices fall in morning trade
!1 New UpdateClick here for latest updates
Mishtann Foods, RO Jewels to go ex-bonus today
RO Jewels will go ex-bonus today in the 82:32 ratio i.e. 82 new bonus shares for every 32 shares held by existing shareholders. Mishtann Foods will also go ex-bonus today in 1:1 ratio.
5 stocks to go ex-dividend today
At least five stocks will go ex-dividend today. While Page Industries had announced an interim final dividend of Rs 70 per share, SM Auto Stamping had announced an interim dividend of Rs 1.25. Three companies namely Tata Investment Corporation (Rs 55 per share), Castrol India (Rs 3 per share) and Tata Coffee (Rs 2 per share) had announced final dividends recently and will go ex-dividend today.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 68.50 points, or 0.41 per cent, lower at 16,439.50, signaling that Dalal Street was headed for a negative start on Thursday.
Tech View: Nifty forms bearish candle, buy on dips
Nifty50 on Wednesday fell for the second day and formed a small bearish candle on the daily chart. The index made a lower high formation, but analysts believe the recent positive momentum stays intact as long as the 16,400 level is held on a closing basis. Any weakness should be used to ‘buy on dips,’ they said, adding that resistance for the index is seen at the 16,700-750 level.
Hong Kong shares down at start of trade
Hong Kong stocks opened Thursday morning with big losses fuelled by concerns about the outlook for the global economy as central banks are forced to hike interest rates to counter surging inflation. The Hang Seng Index sank 1.12 percent, or 237.90 points to 21,057.04. The Shanghai Composite Index slipped 0.37 percent, or 11.85 points to 3,170.31, while the Shenzhen Composite Index on China’s second exchange fell 0.35 percent, or 7.06 points to 2,005.59.
Japan stocks open lower after Wall Street loss
Tokyo stocks opened down Thursday following falls on Wall Street as investors eyed inflation worries. The benchmark Nikkei 225 index slipped 0.51 percent, or 140.57 points, to 27,317.32, while the broader Topix index dropped 0.81 percent, or 15.62 points, to 1,923.02. The dollar stood at 129.93 yen, nearly flat from 130.15 yen seen Wednesday in New York.
Oil prices skid $3 a barrel ahead of OPEC+ meeting
Oil prices fell by around $3 a barrel in early Asian trade on Thursday as investors cashed in on a recent rally with a key producers meeting later in the day set to pave the way for expected output increases. Brent crude was down $2.76, or 2.4%, at $113.53 a barrel at 0024 GMT, having risen 0.6% the previous day. US West Texas Intermediate (WTI) crude dropped $2.89, or 2.9%, to $112.37 a barrel, after a 0.5% rise on Wednesday.
US stocks slide as strong data raises rate worries
A swift jump in Treasury yields rattled Wall Street on Wednesday, pulling stocks broadly lower at the start of another month in what’s been a turbulent year for the market.The S&P 500 ended 0.7% lower after an early morning gain quickly gave way to choppy trading. The Dow Jones Industrial Average slid 0.5% and the Nasdaq fell 0.7%. Stocks began their slide immediately after the release of several reports on the U.S. economy, including one showing manufacturing growth was stronger last month than expected.
Rupee recovers from record low, spurts 21 paise to 77.50 per dollar
The rupee recovered from its record low to close 21 paise higher at 77.50 against the American currency on Wednesday as dollar sales by some banks offset the impact of elevated crude oil prices and persistent foreign fund outflows. At the interbank forex market, the rupee opened at 77.58 against the greenback and moved in a range of 77.51 to 77.62 in the day’s trade. The rupee finally ended at 77.50, higher by 21 paise over its previous close.
Sensex, Nifty, extend losses for 2nd day
The Sensex and Nifty nursed losses for the second straight session on Wednesday, pressured by steep declines in IT, FMCG and pharma counters amid a mixed trend overseas. High crude oil prices, lacklustre macroeconomic data and foreign fund outflows also played spoilsport. The 30-share BSE Sensex declined 185.24 points or 0.33 per cent to settle at 55,381.17 in a see-saw session. On similar lines, the broader NSE Nifty dipped 61.80 points or 0.37 per cent to finish at 16,522.75.