Sensex Today: Stock Market Live Updates: SGX Nifty signals a negative start; Asian shares trade lower – The Economic Times

Oil slips as dollar firms, but supply worries check losses

Oil futures fell early on Thursday as the dollar firmed on the Federal Reserve’s hawkish stance, but concerns over looming supply risks kept a floor under prices.Brent crude shed 44 cents, or 0.5%, to $95.72 a barrel at 0146 GMT, while U.S. West Texas Intermediate (WTI) crude futures retreated 59 cents, or 0.7%, to $89.41.

Asia shares slip, Fed flags higher rates for longer

Asian share markets slid on Thursday after the U.S. Federal Reserve laid the groundwork for a protracted tightening campaign that torpedoed market hopes for a pause, sank bonds and lifted the dollar.

Quarterly earnings today

Housing Development Finance Corporation, Adani Enterprises, Adani Total Gas, Adani Wilmar, SRF, Hero MotoCorp, Hindustan Petroleum Corporation, Bank Of India, Vodafone Idea and Indian Bank are among companies that will announce their quarterly earnings today.

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 147.5 points, or 0.81 per cent, lower at 18,015, signaling that Dalal Street was headed for a negative start on Thursday.

Tech View: Nifty forms bearish engulfing top as 18K turns make-or-break level

Headline equity index Nifty formed a bearish engulfing top pattern on the daily scale and gave up entire gains of the previous session.

Wall Street drops as Powell signals Fed not close to done

U.S. stocks ended sharply lower on Wednesday, as comments from Fed Chair Jerome Powell shattered initial optimism over a Fed policy statement that raised interest rates by 75 basis points but signaled that smaller rate hikes may be on the horizon.

Rupee falls 21 paise to close at 82.80 against US dollar

The rupee depreciated 21 paise to close at 82.80 against the US dollar on Wednesday, tracking a muted trend in domestic equities ahead of the release of the US Fed’s policy statement.

Sensex, Nifty on Wednesday

The 30-share Sensex ended 215 points lower at 60,906, while its broader peer, Nifty50, ended below the 18,100 mark.

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