Sensex today: Stock Market Live Updates: SGX Nifty signals a positive start; Asian shares trade higher – The Economic Times

Asian stocks firm, dollar on edge ahead of Fed decision

Asia’s stockmarkets steadied on Wednesday, with signs of a slowdown in U.S. wages bolstering hopes that the Federal Reserve could hint at an end to interest rate hikes at its meeting later in the day.

Oil rises as U.S. recession fears ease and dollar slips

Oil prices climbed on Wednesday underpinned by a weaker dollar, which fell on signs of slowing inflation in the United States, easing fears that the world’s largest oil user may face a recession because of further interest rate hikes.Brent crude futures gained 20 cents, or 0.2%, to $85.66 a barrel at 0128 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 34 cents, or 0.4%, to $79.21 a barrel, extending gains of about 1% in the previous session.

Quarterly earnings today

Britannia, Siemens, Ashok Leyland, Jubilant Foodworks, Tata Chemicals, Ajanta Pharma are among a host of companies that will announce their third quarter earnings on Wednesday.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 118 points, or 0.66 per cent, higher at 17,870, signaling that Dalal Street was headed for a positive start on Wednesday.

Tech View: Nifty forms small-bodied bearish candle

Ahead of Finance Minister Nirmala Sitharaman’s Budget presentation and US Fed meeting outcome, Nifty today formed a small-bodied bearish candle with a longer lower shadow on the daily time frame. Chart readers said support-based buying was seen at lower levels but the trend is taking pressure at higher zones.

Tokyo markets open higher

Tokyo stocks opened higher Wednesday following rallies on Wall Street, where US employment data helped allay concerns over wage inflation.The benchmark Nikkei 225 index was up 0.77 percent, or 210.57 points, at 27,537.68 in early trade, while the broader Topix index added 0.67 percent, or 13.26 points, to 1,988.53.

Wall Street gains over 1% after encouraging inflation data with Fed next

Major U.S. stock indexes closed over 1% higher on Tuesday as labor cost data encouraged investors about the Federal Reserve’s aggressive approach to taming inflation a day ahead of the central bank’s critical policy decision.

Rupee falls 36 paise to a 3-week low against USD ahead of Budget, Fed decision

The rupee depreciated by 36 paise to close at a three-week low of 81.88 against the US dollar on Tuesday after the Economic Survey 2022-23 said the domestic unit may remain under pressure on account of plateauing of exports and subsequent widening of the current account deficit.

Sensex, Nifty on Tuesday

The BSE Sensex index ended 49 points or 0.08% higher at 59,549, while Nifty50 rose 13 points or 0.07% to settle at 17,662.

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