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Markets Live Updates: Asian shares, US futures rise on debt ceiling deal
Asian shares and U.S. stock futures rose on Monday, buoyed by a weekend deal by U.S. President Joe Biden and congressional Republican Kevin McCarthy to suspend the government’s debt ceiling, ending a months-long stalemate and angst for investors.
Quarterly earnings today
Adani Transmission, IRCTC, NHPC, Torrent Power, Rail Vikas Nigam and a slew of other companies will announce their quarterly results today.
Markets Live Updates: SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 171 points, or 0.92 per cent, higher at 18,719, signaling that Dalal Street was headed for positive start on Monday.
Tech View: Nifty breaks out of sideways consolidation move
Nifty, which has been forming higher highs for the last nine weeks, on Friday formed a bullish candle on the weekly charts as it broke out of the sideways consolidation move.
Markets Live Updates: Tokyo stocks open sharply higher on US debt deal
Tokyo stocks opened higher Monday, with investors cheered by signs of a breakthrough in US debt ceiling negotiations to avert a cataclysmic default.The benchmark Nikkei 225 index was up 1.94 percent, or 599.22 points, at 31,515.53 in early trade, while the broader Topix index added 1.31 percent, or 28.19 points, to 2,174.03.
Rupee rises 12 paise against US dollar
The rupee appreciated 12 paise to 82.60 against the US dollar on Friday, supported by foreign capital inflows and a positive trend in domestic equities.
Markets Live Updates: Oil climbs after US leaders strike provisional debt deal
Oil prices rose in early Asian trade on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world’s largest economy and oil consumer.Brent crude futures climbed 39 cents, or 0.5%, to $77.34 a barrel by 2317 GMT, while U.S. West Texas Intermediate crude was at $73.12 a barrel, up 45 cents, or 0.6%.
Sensex, Nifty on Friday
With heavyweight Reliance Industries leading from the front, Nifty on Friday crossed the 18,500 mark for the first time in the calendar year 2023. Sensex ended 629 points higher while Nifty rose around 1% to 18,499 amid favourable global cues.