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SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 49.5 points, or 0.28 per cent, lower at 17,440.50, signaling that Dalal Street was headed for a negative start on Tuesday.
Tech View: Nifty confirms failed breakout, bears in driving seat
Nifty50 on Monday fell for the second straight day and formed a bearish candle on the daily chart. This was after the formation of the Bearish Engulfing pattern on Friday. Analysts said the index slipped back below a falling trend line, indicating a failed breakout. They see further weakness ahead.
Oil prices rise after Saudi says OPEC could cut output
Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures. Brent crude futures rose 32 cents to $96.80 a barrel by 0004 GMT, after a choppy session on Monday when they dropped by more than $4 before paring losses to trade near flat.
Tokyo shares open lower after US falls
Tokyo stocks opened lower Tuesday after jitters over the speed of rate hikes by the US Federal Reserve drove down Wall Street shares overnight. The benchmark Nikkei 225 index fell 1.00 percent, or 288.64 points, to 28,505.86 in early trade, while the broader Topix index lost 0.84 percent, or 16.73 points, to 1,975.86.
Wall Street ends sharply lower on fears of aggressive Fed
Wall Street ended sharply lower on Monday as investors fretted about a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming, that is expected to reinforce a strong commitment by the central bank to stamp out inflation.
Rupee ends flat at 79.84 against US dollar
The rupee recovered early losses to close flat at 79.84 against the US dollar on Monday amid a strong greenback overseas and massive sell-off in equities. However, lower crude oil prices supported the local unit, forex dealers said.
Sensex, Nifty on Monday
The 30-pack BSE Sensex tanked 872 points or 1.46 per cent, to end below the 59,000 level at 58,773.87. Nifty50, meanwhile, fell 267.8 points to end at 17,490.70.