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

Asian shares rise on debt bill progress, Fed pause hopes

Asian stocks surged on Friday as the progress on the bill to raise U.S. debt ceiling and increasing hopes that the Federal Reserve might stand still on interest rates in its next meeting helped perk up investor appetite for risky assets.

Markets Live Updates: SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 63.5 points, or 0.34 per cent, higher at 18,627, signaling that Dalal Street was headed for positive start on Friday.

Tech View: Holding above support level pivot for Nifty amid global uncertainty

Indices ended lower for the second session on Thursday, indicating the continuation of the consolidation phase.

Markets Live Updates: Tokyo stocks open higher

Tokyo stocks opened higher Friday, extending US rallies on hopes that the Federal Reserve could slow rate hikes, while traders eye progress on a deal to avert a US default.

Wall Street rises on hopes of Fed pausing hikes, debt ceiling deal cheer

U.S. stock indexes closed up on Thursday as signs of slowing wage pressure on inflation raised hopes the Federal Reserve will pause raising interest rates in two weeks, and investors welcomed a vote in Congress to suspend the U.S. debt ceiling.

Rupee jumps 35 paise to 82.40 against US dollar

The rupee appreciated by 35 paise to close at 82.40 against the US dollar on Thursday, as positive macroeconomic data strengthened investor sentiments.

Markets Live Updates: Oil prices rise as market awaits possible OPEC+ cuts

Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over U.S. monetary policy and Washington’s debt ceiling bill.

Sensex, Nifty on Thursday

Amid mixed cues from US and Asian markets, the 30-share BSE benchmark Sensex ended 194 points lower to settle at 62,428, dragged by banking and financial stocks. The broader NSE Nifty dropped 46 points to end at 18,488.

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