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Oil falls on renewed demand concerns, rate hike expectations
Oil prices fell on Wednesday as COVID-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth.
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 202.5 points, or 1.15 per cent, lower at 17,472.50, signaling that Dalal Street was headed for a negative start on Wednesday.
Tech View: Nifty bulls look confused. What investors should do
Nifty is currently placed at the crucial overhead resistance of 17,800 levels and a decisive breakout of this area could pull Nifty back into upside momentum. Any weakness from here could find important support around 17,450-17,400 levels, analysts say.
Tokyo stocks open lower tracking falls on Wall Street
Tokyo stocks opened lower on Wednesday, tracking falls on Wall Street amid lingering worries over US rate hike plans. The benchmark Nikkei 225 index was down 0.64 percent, or 177.41 points, at 27,449.10 in early trade, while the broader Topix index was down 0.63 percent, or 12.22 points, at 1,914.36.
Wall Street ends busy post-summer session in the red
Wall Street’s main indexes closed lower on Tuesday, the first session after the U.S. Labor Day holiday and summer vacations, as traders assessed fresh economic data in volatile trading.
Rupee falls 4 paise to 79.82 on strong dollar
The rupee depreciated 4 paise to close at 79.82 against the US dollar on Tuesday as a stronger US dollar against key rivals and a lacklustre trend in domestic equities weighed on sentiment.
Sensex, Nifty on Tuesday
The 30-share Sensex fell 48.99 points to end at 59,196.99. Its broader peer, Nifty50, ended at 17,655.60, down 10.20 points.