Stock Market Live Updates: SGX Nifty signals a muted start; Asian stocks trade higher

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Asia stocks edge up, dollar restrained before CPI

Asian share markets made cautious gains on Monday on hopes a key reading on U.S. inflation will show some cooling, while the U.S. dollar was restrained by the risk of higher European interest rates and Japanese intervention.

SGX Nifty signals a muted start

Nifty futures on the Singapore Exchange traded 2.5 points, or 0.01 per cent, higher at 17,844.50, signaling that Dalal Street was headed for a muted start on Monday.

Tech View: Nifty forms bullish candle for 2nd week, but analysts see weakness ahead

Nifty50 on Friday ended the week above 17,800 for the first time since January. However, the 50-pack index failed to hold on to opening gains and settled the session forming a bearish candle on the daily scale.

Oil prices slide as possible rate hikes weigh on demand outlook

Oil prices slipped during Asian trade on Monday as the prospect of further interest rate hikes in the United States and Europe to quell inflation and the imposition of strict COVID-19 restrictions in China overshadowed the global demand outlook.

Tokyo stocks open higher extending US gains

Tokyo stocks opened higher on Monday, tracking rallies on Wall Street as investors came to terms with the prospect of more central bank interest rate hikes. The benchmark Nikkei 225 index was up 0.96 percent, or 269.59 points, at 28,484.34 in early trade, while the broader Topix index was up 0.75 percent, or 14.83 points, at 1,980.36.

Wall Street scores first weekly gain since mid-August

U.S. stocks rallied on Friday, with the major indexes recording their first weekly gain in four weeks as investors went on a buying spree, shrugging off concerns about the economic outlook.

Rupee rises 12 paise to close at 79.57 against US dollar

The rupee appreciated by 12 paise to close at 79.57 against the US dollar on Friday, tracking positive domestic equities and foreign fund inflows.

Sensex, Nifty on Friday

The 30-pack Sensex advanced 104 points to end the day at 59,793. Its broader peer, Nifty50, ended at 17,833, up 35 points. This was the first time since January 2022 that the NSE barometer closed the week above 17,800 level. For the week, Nifty added 1.68 per cent while Sensex 1.66 per cent.

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