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

Quarterly earnings today

35 companies will release earnings for the quarter ended December. ICICI Prudential Life Insurance Co, Bank of India, Network18 Media & Investments, Mastek, Metro Brands among the major ones.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 30.5 points, or 0.17 per cent, higher at 17.975.50, signaling that Dalal Street was headed for a positive start on Tuesday.

Tech View: Range-bound Nifty forms bearish candle

Headline equity index Nifty, which has been struggling within a bandwidth of 200-300 points, today formed a bearish candle on the daily chart. Now, it has to hold above 17,850 zone for an upmove towards 18,050 and 18,123 zones whereas supports are placed at 17,850 and 17,777 zones, said Chandan Taparia of Motial Oswal.

Tokyo stocks open higher with eyes on yen, China data

Tokyo stocks opened higher on Tuesday, with a lull in the yen’s appreciation against the dollar as investors awaited Chinese economic data due later in the day.The benchmark Nikkei 225 index was up 0.38 percent, or 98.96 points, at 25,921.28 in early trade, while the broader Topix index added 0.18 percent, or 3.35 points, to 1,889.66.

Oil prices slip on global recession gloom

Oil prices fell in early trade on Tuesday as recession fears dominated headlines out of the World Economic Forum’s meeting in Davos, draining optimism that stoked the market last week on prospects of a fuel demand recovery in top oil importer China.Brent crude futures were down 38 cents, or 0.5%, at $84.08 at 0114 GMT, extending a 1% loss in the previous session.

Rupee falls 21 paise to close at 81.59 against US dollar on forex outflows

The rupee pared initial gains and settled 21 paise lower at 81.59 against the US dollar on Monday, tracking a rebound in the greenback overseas and a muted trend in domestic equities.

Sensex, Nifty on Monday

The BSE Sensex index ended 168 points or 0.28% lower at 60,093, while Nifty50 fell 62 points or 0.34% to settle at 17,895.

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