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JUST IN: Rupee drops to 77.5325/dollar; new record low
Pre-open session: Sensex drops 480 points, Nifty approaches 16,000
SGX Nifty reports a negative start
Nifty futures on the Singapore Stock Exchange traded 140.50 points, or 0.87%, down to 16,027, signaling Dalal Street was heading for a negative start on Thursday.
Tech View: Nifty50 forms hammer-shaped candle
Nifty50 on Thursday fell for the fourth straight session and formed a hammer-shaped candle on the daily chart that had a long lower wick, reflecting the intraday rally. Such a candle carries a bullish connotation if followed by a positive close in the next session, analysts said, who see immediate resistance in the 16.20-350 range and index support at 16,000. .indiatimes.com/markets/stocks/news/tech-view-nifty50-forms-hammer-like-candle-sends-signs-of-recovery-ahead/articleshow/91494199.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Hong Kong shares fall at open
Hong Kong shares opened lower on Thursday after declines on Wall Street on renewed fears of a spike in inflation. The Hang Seng index fell 1.35%, or 267.68 points, to 19,566.89. The Shanghai Composite Index in mainland China fell 0.45%, or 13.90 points, to 3,044.80, while the Shenzhen Composite Index fell 0.64%, or 12.33 points. , at 1,906.18.
Tokyo stocks fall on inflation fears, Wall Street tumbles
Shares in Tokyo fell in early trading Thursday after overnight declines on Wall Street as investors worried about inflation. The benchmark Nikkei 225 fell 1.34%, or 350.51 points, to 25,863.13 in early trading, while the broader Topix index fell 0.79%, or 14.59 points, at 1,836.56. The dollar settled at 129.58 yen, against 130.00 yen seen in New York on Wednesday.
Oil eases after surging in previous session on Russia sanctions
Oil prices eased at the start of Asian trading on Thursday, pausing after rising more than 5% in the previous session following new Russian sanctions against some European gas companies. Brent crude futures fell 9 cents to $107.42 a barrel at 0013 GMT. WTI crude futures fell 13 cents to $105.58 a barrel. On Wednesday, Russia sanctioned 31 companies based in countries that imposed sanctions on Moscow after Russia invaded Ukraine in February.
US stocks tumble after inflation data
U.S. stocks ended sharply lower on Wednesday, with the Nasdaq falling more than 3% and the Dow Jones falling for a fifth straight day after inflation data did little to ease investor concerns over the rate outlook. interest and economy. The Dow Jones Industrial Average fell 326.63 points, or 1.02%, to 31,834.11, the S&P 500 lost 65.87 points, or 1.65%, to 3,935.18 and the Nasdaq Composite fell 373.44 points, or 3.18%, to 11,364.24.
Rupee extends gains for 2nd day, 9 paise at 77.25
Rising for a second straight day, the rupee rose 9 paise to settle at 77.25 against the US currency in limited trade on Wednesday as the dollar retreated from 20-year highs and bond yields fell below the 3% mark. . Alleged RBI intervention in the futures market and most currencies trading flat ahead of the release of key US inflation data also supported the rupee.
Sensex, Nifty on Wednesday
The Sensex and Nifty fell for the fourth session in a row on Wednesday as investors remained jittery ahead of US inflation data, which will provide clues to the Federal Reserve’s policy tightening trajectory. Despite a firm start, the 30-stock BSE Sensex failed to sustain its momentum and ended at 54,088.39, down 276.46 points or 0.51%. During the day, it fell 845.55 points to 53,519.30. Similarly, the NSE Nifty slipped 72.95 points or 0.45% to settle at 16,167.10.