sensex today: Pre-open session: Sensex rises 200 points; Nifty above 18,255 – The Economic Times

Pre-open session: Sensex rises 200 points; Nifty above 18,255

Rupee likely to open flat to cap off worst year since 2013

The Indian rupee was expected to open little changed on Friday – its last trading day of the year – as the dollar remained rangebound and after domestic data showed the current account deficit widened further. The rupee was seen around 82.78-83.85 per dollar in early trades, compared to its previous close of 82.7975. The rupee is eyeing losses of around 11% this year and is the worst-performing Asian currency so far. Over the past two weeks, it traded in narrow ranges, but quite near its all-time low of 83.29.

Asia stocks rise as investors find foothold at end of brutal 2022

Asian equities rose on Friday as investors looked to end the year on an optimistic note after U.S. data showed the Federal Reserve’s aggressive monetary policy was dampening inflationary pressures even as worries over COVID cases in China persist. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.71% and was set to end December flat. The index is set to end the year down 19% – it’s worst performance since 2008.

“Greed and Fear to raise weighting in Thailand from Neutral to Overweight,” writes Chris Wood.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 90 points, or 0.49 per cent, higher at 18,370, signaling that Dalal Street was headed for a positive start on Friday.

Tech View: Nifty forms a positive candle on expiry day

Headline equity index Nifty on Thursday formed a bullish candle on the last monthly and weekly derivative expiry of the calendar year 2022. It formed a higher bottom formation on intraday charts, indicating a further uptrend from current level

Tokyo stocks open higher after US gains

Tokyo stocks opened higher on Friday in their last trading day of 2022, after Wall Street rebounded following gloomy sessions. The benchmark Nikkei 225 index rose 0.74 percent, or 194.33 points, to 26,288.00 at the open, while the broader Topix index climbed 0.39 percent, or 7.39 points, to 1,902.66.

Wall Street ends firmer, growth stocks lead in thin trading

Wall Street’s main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve’s interest rate hikes might be starting to dent labor market strength in its bid to fight inflation.

Oil drops on China uncertainty; U.S. demand limits decline

Oil prices fell for a second straight session on Thursday on an uncertain demand outlook as more countries considered restrictions on Chinese travelers with COVID-19 infections spreading in the top oil-importing nation.

Rupee drops 7 paise to 82.87 against US dollar

The rupee consolidated in a narrow range and settled 7 paise lower at 82.87 against the US dollar on Thursday despite softening crude oil prices and a weak greenback overseas.

Sensex, Nifty on Thursday

The Nifty50 index closed 68 points or 0.38% higher at 18,191, while S&P BSE Sensex rose 223 points or 0.37% to settle at 61,134.

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