Stock Market Today: SGX predicts a flat opening for the Indian indices, Asian markets in red

Stock Market Today: The larger Indian index started flat, down 39 points (0.22 percent), according to trends on the Singapore Exchange Nifty. On the Singapore Exchange, the Nifty futures were trading at about the 17,586 mark. On April 5, the Indian equity markets continued to rise, extending their winning run to four straight sessions thanks to gains in shares of capital goods, FMCG, and IT companies.

Oil prices ease as weak economic data clouds demand prospects

Early on Thursday in Asian trading, oil prices decreased as a result of disappointing U.S. job vacancies data that suggested a potential slowdown in demand. By 2241 GMT, West Texas Intermediate U.S. crude had fallen 14 cents to $80.47 per barrel. Brent crude futures ended the day on Wednesday at $84.99 a barrel, up 5 cents or 0.1%.

Stock Market Today: Gold slips on firmer dollar ahead of US payrolls data

As the dollar strengthened on Thursday ahead of the much-anticipated U.S. non-farm payrolls report, gold prices declined as investors sought clarification on whether the Federal Reserve could pause its programme of monetary tightening. As of 0101 GMT, spot gold was down 0.3% at $2,014.79 per ounce after reaching a record high on Wednesday. At $2,034.70, U.S. gold futures remained stable.

Stock Market Today: Dollar edges higher ahead of non-farm payrolls data on Friday

The dollar increased somewhat on Thursday, but it hasn't moved much away from a recent two-month low as traders assessed the potential impact of crucial U.S. jobs data that will be released over the long weekend on Federal Reserve policy. The U.S. dollar index increased by 0.1% to 101.95 in the most recent session after falling to a two-month low of 101.40 the previous day.

The safe haven bids helped the Japanese yen as well, which was last slightly higher at 131.01 per dollar. The risk-sensitive Australian and New Zealand dollars fell 0.29 and 0.27 percent, respectively, in the meanwhile.

Rupak De, Senior Technical Analyst at LKP Securities

Bulls maintained control throughout the session, as Nifty maintained a positive price. The Nifty has shown a falling channel breakout on the daily chart. Also, after several days, the index has crossed above the crucial 200DMA, indicating rising bullishness.

Positive momentum is predicted for the near term by the momentum oscillator RSI, which is increasing and in bullish crossover. The index could rise to a level near 17800. The Nifty may continue in its present climb till it dips below 17350.

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