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Market Live Updates Today: Trends in SGX Nifty indicate a positive opening for the broader index in India with a gain of 53 points.

The BSE Sensex declined 52 points to 58,299, while the Nifty50 fell 6 points to 17,382 and formed a bearish candle on the daily charts yesterday.

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The BSE Sensex declined 52 points to 58,299, while the Nifty50 fell 6 points to 17,382 and formed a bearish candle on the daily charts yesterday.

As per the pivot charts, the key support level for the Nifty is placed at 17,199, followed by 17,015. If the index moves up, the key resistance levels to watch out for are 17,528 and 17,674.

Wall Street stocks ended mixed, with gains for high-growth stocks offset by the drag from energy shares, as a key US jobs report loomed on Friday. The S&P 500 edged slightly lower to 4,151.94, retreating from a two-month closing high in the previous session.

The Dow dropped 0.26% to 32,726.82, from near an almost three-month high on Wednesday. The Nasdaq, though, swung to a 0.44% gain to 13,311.041 from steep early losses, extending a three-month peak.

Asian Markets

Shares in Asia-Pacific were flat Friday as China conducts military exercises around Taiwan. The Nikkei 225 and the Topix index in Japan were fractionally higher. Australia's S&P/ASX 200 sat just below the flatline. In South Korea, the Kospi rose 0.52% and the Kosdaq gained 0.45%. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.19%.

Live Updates

  • 5 Aug 2022 3:54 AM GMT

    US weekly jobless claims increase, but labour market remains tight

    The number of Americans filing new claims for unemployment benefits increased last week, suggesting some softening in the labor market, though overall conditions remain tight.

    That was underscored by other data on Thursday showing a sharp decline in layoffs announced by U.S.-based companies in July. The still-low level of unemployment claims and brisk pace of hiring support views that the economy is not in recession despite gross domestic product contracting in the first half.

  • 5 Aug 2022 3:54 AM GMT

    Oil prices extend losses on demand worries

    Oil prices extended losses on Friday, after hitting their lowest since before Russia's February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation on global economic growth and demand.

    Brent crude dropped 10 cents, or 0.1%, to $94.02 a barrel by 0047 GMT, while US West Texas Intermediate crude was at $88.48 a barrel, down 6 cents.

  • 5 Aug 2022 3:53 AM GMT

    FII and DII data

    Foreign institutional investors (FIIs) net bought shares worth Rs 1,474.77 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 46.79 crore on August 4, as per provisional data available on the NSE.

  • 5 Aug 2022 3:52 AM GMT

    SBI Q1 net profit seen 16% up but treasury could be a drag

    State Bank of India (SBI) is expected to report robust balance sheet growth, improvement in asset quality and healthy core interest income for the June quarter. Treasury operations could prove to be the Achilles’ heel of the country’s largest lender in the quarter ended June, for which it will report its earnings on August 6. An average of the estimates by 10 securities firms shows that SBI’s June quarter net profit would be Rs 7,495 crore, up 16 percent year-on-year.

  • 5 Aug 2022 3:52 AM GMT

    Bank of England raises key interest rate by 50 bps, highest since 1995

    The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed to smother a rise in inflation which is now set to top 13%.

    Reeling from a surge in energy prices caused by Russia's invasion of Ukraine, the BoE's Monetary Policy Committee voted 8-1 for a half percentage point rise in Bank Rate to 1.75% - its highest level since late 2008 - from 1.25%.

    The 50-basis-point increase had been expected by most economists in a Reuters poll as central banks around the world scramble to contain the surge in prices.

Dwaipayan Bhattacharjee
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