Stock Market Today: The benchmark 30-share BSE Sensex increased 170 points or 0.28% to close at 60,300. To finish at 17,813, the larger NSE Nifty gained 44 points, or 0.25%. The Singapore Exchange’s Nifty futures traded 48 points, or 0.27 percent, lower at 17,866, indicating that Dalal Street will likely have a bad start on Thursday.
Summary index On the daily charts, Nifty on Thursday created a respectably positive candle with a long lower shadow. According to observers, this pattern technically denotes the continuance of an uptrend with range bound movement.
Tokyo stocks open lower with eyes on earnings
On Thursday, Tokyo markets opened lower, following Wall Street’s declines due to concerns about the recession, as investors awaited the release of Japanese and US business earnings reports.The larger Topix index fell 0.29 percent, or 5.89 points, to 2,018.01 while the benchmark Nikkei 225 index was down 0.25 percent, or 71.99 points, at 28,344.48 in early trade.
Stock Market Today: Rupee climbs, Oil prices rebound
The rupee strengthened 21 paise to settle at 81.74 against the US dollar on Wednesday, following declines in Asian rivals and a weaker foreign market for the US dollar.
The threat of a U.S. recession and higher Russian oil exports, which lessened the impact of OPEC production curbs, contributed to early declines in oil prices, which were partially offset on Thursday.At 00:39 GMT, Brent crude was up 35 cents, or 0.45%, to $78.04 per barrel. West Texas Intermediate crude for the United States was up 21 cents or 0.28% at $74.51 per barrel.
Asian shares sink on banking jitters, US economic concerns
Asian stocks continued to decline on Thursday as investors were more alarmed by problems at First Republic Bank amid worries that the world’s largest economy’s growth could unexpectedly slow. The firms that will be releasing their fourth quarter results today include HUL, Axis Bank, Bajaj Finserv, Wipro, LTIMindtree, Tech Mahindra, and Laurus Labs.
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