Stock Market Live Updates: SGX Nifty climbs 160 points; Asian markets off to positive start; all eyes on SBI, TechM Q4 results

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Q4 earnings today

SBI, Tech Mahindra, Eicher Motors, HAL, Bank of Baroda, Bandhan Bank, Balkrishna Industries, Alkem Laboratories, Linde India, REC, APL Apollo Tubes, CESC, Nazara Technologies and Emami are among the companies which will announce their earnings today.

Stocks in F&O ban today

Two stocks- Indiabulls Housing Finance and PNB are under the F&O ban for Friday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 per cent of the market-wide position limit.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 166 points, or 1.05 per cent, higher at 15,982.50, signaling that Dalal Street was headed for a positive start on Friday.

Tech View: Nifty50 oversold but any big respite unlikely

There was no relief for Nifty50, which fell for the fifth straight session on Thursday. The index formed a bearish candle on the daily scale and continued with its lower high-low formation. Even as the index is in oversold territory, as suggested by the 14-day RSI reading of 27, analysts said the trend broadly stays negative and the index could retest a swing low of 15,670 sooner than later.

FPIs sell shares worth Rs 5,256 crore

Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 5,255.75 crore on Thursday, data available with NSE suggested. DIIs turned net buyers to the tune of Rs 4,815.64 crore, data suggests.

Oil climbs but weak demand cap gains

Oil prices firmed in early trade on Friday but were headed for their first weekly losses in three weeks as worries about inflation and China’s Covid lockdowns slowing global growth outweighed concerns about dwindling fuel supply from Russia. Brent crude futures were up 97 cents, or 0.9 per cent, at $108.42 a barrel, while US WTI crude futures climbed $1.00, or 0.9 per cent, to $107.13 a barrel.

Asian shares rise in early trade

Asian shares found some footing after a volatile session for U.S. equities, but the dollar remained at 20-year highs and global stocks near 18-month lows on worries about persistently high inflation and tightening central banks. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.15%, trimming its losses for the week to around 3.5%. Australian shares were up 1.56%, while Japan’s Nikkei stock index jumped 2.62%. In China, the blue-chip CSI300 index was up 0.92% and Hong Kong’s Hang Seng rose 1.8%.

US stocks end mixed after erratic trading

Another erratic day of trading on Wall Street ended with an uneven finish for the major stock indexes Thursday, after the market reversed most of an early slide in the final hour of trading. The S&P 500 closed only 0.1% lower after having been down 1.9% earlier in the day. The Dow Jones Industrial Average fell 0.3%, while the Nasdaq rose 0.1%. The S&P 500 fell 5.10 points to 3,930.08. The Dow dropped 103.81 points to 31,730.30. The Nasdaq rose 6.73 points to 11,370.96.

Rupee slumps to all-time low of 77.50 against dollar

The rupee plunged by 25 paise to close at its lifetime low of 77.50 against the US currency on Thursday as the dollar touched a fresh two-decade high in global markets on strong risk-averse sentiment and a higher-than-expected US inflation triggered fears of aggressive rate hikes. The local currency also touched its record intra-day low of 77.63 to a dollar as losses in domestic stocks, concerns over weak growth, and persistent forex outflows negated the impact of a fall in crude oil prices.

Sensex, Nifty on Thursday

The Sensex nosedived over 1,150 points while the Nifty crashed below the 16,000-level on Thursday, extending their losing streak to the fifth straight session, as world markets were unnerved by elevated US inflation which triggered concerns of accelerated rate hikes. The 30-share BSE Sensex tumbled 1,158.08 points or 2.14 per cent to finish at an over two-month low of 52,930.31. Similarly, the broader NSE Nifty tanked 359.10 points or 2.22 per cent to 15,808.

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