Stock market today: SGX Nifty wins 6 points; Asian markets are off to a positive start; All eyes on Just Dial, Angel One Q2 numbers

Watch this space as we bring you LIVE updates from the day’s proceedings from Dalal Street.

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SGX Nifty signs a positive start

Shrewd futures on the Singapore Stock Exchange traded 36 points, or 0.20%, up to 18,462.50, signaling that Dalal Street was heading for a positive start on Wednesday.

Technical view: assistance Nifty50 to 18,300

NIfty50 ended a seven-day winning streak on Tuesday and formed a bearish candle on the daily chart, with no top wicks, suggesting selling pressure from the start. The index reversed the higher lows it formed over the past two sessions. Technical indicators such as the 14-day RSI suggest that the index is still in the overbought zone. A consolidation is likely, said analysts, who believe the 18,300 level would be crucial support for the index.

Q2 results today

Hong Kong stocks rise early in the day

Hong Kong stocks rose more than 1% in the opening minutes of trading on Wednesday, building on a three-day lead and following another healthy Wall Street lead fueled by more positive earnings reports. The Hang Seng Index climbed 1.11%, or 286.99 points, to 26,074.20. The Shanghai Composite Index lost 0.28%, or 9.92 points, to 3,583.24.

Japanese stocks open upward, extend US gains

Tokyo shares opened higher on Wednesday, extending US rallies supported by dynamic corporate earnings, with a cheaper yen also helping to boost Japanese stocks. The benchmark Nikkei 225 index rose 0.63% or 184.51 points to 29,400.03 at the start of the session, while the larger Topix index rose 0.54% or 11.01 points at the start of the session. 2,037.58.

US stocks have stabilized

U.S. stock indices closed higher on Tuesday with the biggest gains in the tech and healthcare sectors, with investors appearing to bet on strong quarterly reports, though some feared it was too early to cheer. The Dow Jones Industrial Average rose 198.7 points, or 0.56%, to 35,457.31, the S&P 500 gained 33.17 points, or 0.74%, to 4,519.63 and the Nasdaq Composite added 107.28 points, or 0.71%, to 15,129.09.

The rupee drops 9 paise to 75.35 against the dollar

The currency market was closed on Tuesday due to Id-E-Milad. The rupee ended down 9 paise at 75.35 against the US dollar on Monday, following a stronger greenback against its main rivals abroad and rising global crude oil prices. In the interbank forex market, the local unit opened on a stable note and then traded in a narrow range of 75.24-75.38 against the US dollar.

Sensex, nice Tuesday

Stock indexes closed with modest losses on Tuesday after a seven-game winning streak as investors opted to pocket gains at record highs. After crossing the 62,000 mark for the first time, the 30-stock BSE Sensex succumbed to selling pressure in late trade to close 49.54 points or 0.08% lower at 61,716.05. Likewise, the Nifty lost 58.30 points or 0.32% to close at 18,418.75. It hit a new intra-day record of 18,604.45 in early trades.

Hello dear reader! Here’s something to start your trading day

Hello dear reader!  Here's something to start your trading day

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