MARKET LIVE: SGX Nifty hints weak start amid tepid global cues, down 80pts


are likely to start negative on Thursday amid weak global cues and tepid foreign flows. At 7:45 am, the SGX

quoted 18,050 levels, down over 50-odd points.

Globally, the US equity edged lower overnight, as traders anticipated early recession to materialise in 2023. Dow Jones, NASDAQ Composite, and the S&P 500 indices closed over 1 per cent lower each.

Asia-Pacific markets, too, were lower this morning, with Nikkei 225, Kospi, Topix, and the S&P 200 indices falling up to 0.8 per cent.

In the commodities market, prices of Brent Crude and WTI Crude skid up to 0.6 per cent to $82 per barrel, and $78 per barrel, respectively, amid demand concerns post resurgence in Covid-19 cases in China.

Back home, shares of Sheela Foam will be tracked after the company plans to acquire Kurl-On for Rs 2,000 crore.

Besides, shares of Bharti Airtel will be in focus after the telecom operator plans to invest Rs 27,000-28,000 crore in telecom network with a focus on 5G rollout.


Source link

Comments are closed.