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SGX Nifty signals a muted start
Nifty futures on the Singapore Exchange traded 13 points, or 0.08 per cent, lower at 15,696.50, signaling that Dalal Street was headed for a muted start on Friday.
Tech View: Nifty50 may head to 15,600 level
Nifty50 on Thursday faced selling from the word go. It fell below the immediate support range at 15,800-15,779 with ease and eventually formed a bearish candle on the daily chart. Analysts said the bulls’ failure to take the index above the 15,900 level has triggered weakness. In case the index fails to recover, it may reach levels around the 15,635-600 zone, they said.
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Tokyo stocks open lower following US falls
Tokyo stocks opened lower on Friday following losses of US shares on concerns over the Delta variant of the coronavirus. The benchmark Nikkei 225 index tumbled 1.35 percent or 380.78 points to 27,737.25 at the open, while the broader Topix index fell 1.21 percent or 23.18 points to 1,897.14.
US stocks settled lower
US stocks were broadly lower on Thursday as bond yields continued to fall and investors turned cautious following the market’s recent run of record highs. The Dow Jones Industrial Average fell 259.86 points, or 0.75 per cent, to 34,421.93. The broad S&P500 index lost 37.31 points, or 0.86 per cent, to 4,320.82. The technology-focused Nasdaq Composite fell 105.28 points, or 0.72 per cent, to 14,559.79.
Rupee declines by 7 paise to 74.71; extends losses for 3rd day
Falling for the third day in a row, the rupee weakened further by 9 paise to end at 74.71 against the US currency on Thursday as weaker domestic equities weighed on the forex market sentiment. The US dollar traded strong against other Asian currencies after the minutes from the last Federal Reserve meeting indicated a tighter monetary policy ahead.
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Sensex, Nifty on Thursday
Equity benchmark Sensex slumped 486 points on Thursday, largely in tandem with a global selloff as rising cases of the COVID-19 Delta variant in multiple countries and hawkish comments from the US Federal Reserve spooked investors. The 30-share BSE index ended 485.82 points or 0.92 per cent lower at 52,568.94, while the broader NSE Nifty dropped 151.75 points or 0.96 per cent to 15,727.90.