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Oil prices extend losses on demand worries
Oil prices extended losses on Friday, after hitting their lowest since before Russia’s February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation on global economic growth and demand.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 53 points, or 0.30 per cent, higher at 17,450, signaling that Dalal Street was headed for a positive start on Friday.
Quarterly earnings today
Titan Company, Mahindra & Mahindra, FSN E-Commerce Ventures, One97 Communications, Alkem Laboratories, Petronet LNG, NMDC, Aditya Birla Fashion and Retail, Motherson Sumi Wiring India, UCO Bank, Fortis Healthcare, Graphite India and Raymond are among companies that will announce their quarterly earnings today.
Tech View: Nifty50 turns sideways, faces 17,500 hurdle
Analysts said the index turned sideways after the recent rally and expect it to find support around 17,200 level. They see resistance for the index at 17,500. This is the same level around which the Nifty50 attracted selling pressure during Thursday’s session.
Tokyo stocks rise after US tech gains
Tokyo stocks traded higher Friday following tech gains on Wall Street while more businesses reported that higher raw material prices were weighing on profits. The benchmark Nikkei 225 index opened flat then rose 0.23 percent, or 65.06 points, to 27,997.26, while the broader Topix index was up 0.30 percent, or 5.77 points, at 1,936.50.
Wall Street ends mixed as investors eye payrolls data
Wall Street’s main indexes ended mixed on Thursday as gains in high-growth stocks offset losses in energy shares, with investors looking ahead to monthly jobs report for clues on the pace of interest rate hikes by the Federal Reserve.
Rupee skids 25 paise to 79.40 against US dollar
The rupee depreciated by 25 paise to close at 79.40 against the US dollar on Thursday, posting its second day of losses amid disappointing macroeconomic data and US-China tensions.
Sensex, Nifty on Thursday
BSE Sensex ended 51.73 points or 0.09 per cent lower at 58,298.80. Its NSE counterpart, Nifty50, ended 6 points or 0.04 per cent down to close at Rs 17,382.