STATE OF THE MARKETS
SGX Nifty signals negative start
Nifty futures on the Singapore Exchange traded 46 points, or 0.45 per cent lower at 10,229, in signs that Dalal Street was headed for a negative start on Wednesday.
Tech view: Nifty forms bearish candle
Nifty50 on Tuesday erased morning gains to close flat. The index formed a small bearish candle on the daily chart after forming indecisive Doji candles for two consecutive sessions. Analysts said the index is losing strength and the bias has turned negative.
Asian stocks edge higher
Japan’s Nikkei225 index rose 0.27 per cent, or 60.34 points, to 22,348.48 in early trade. China’s benchmark Shanghai Composite index added 0.22 per cent, or 6.51 points, to 2,991.18. Hong Kong market was closed for a public holiday.
US stocks settled higher
The S&P500 index, the broadest of the three major indices, finished at 3,100.29, up 1.5 per cent for the day and around 20 per cent for the quarter, the biggest gain since 1998. The Dow Jones Industrial Average gained 0.9 per cent to 25,812.88, while the tech-rich Nasdaq Composite Index jumped 1.9 per cent to 10,058.77.
Oil prices rise on fall in US inventory
Oil prices rose on Wednesday after an industry report showed crude inventories in the US fell much more than expected, suggesting demand is improving even as the…