Live Stock Market Updates: SGX Nifty Jumps 200; many Asian markets closed for public holidays; oil stable

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Oil stable in doubts OPEC+ can fill the Russian deficit

Oil prices remained roughly unchanged on Friday, clinging to gains made in the previous session on doubts that OPEC+-owned producers could ramp up crude output enough to make up for lost supply from from Russia. U.S. West Texas Intermediate (WTI) crude futures rose 1 cent to $116.88 a barrel at 0112 GMT, while Brent crude futures rose 7 cents to $117.68 a barrel. barrel.

SGX Nifty Signals Early Spread

Nifty futures on the Singapore Stock Exchange traded 204 points, or 1.23%, at 16,814, signaling Dalal Street was heading for a gap start on Friday.

Tech View: Nifty50 Eyes Level 16,750

Nifty50 closed above the 16,600 level on Thursday, forming a bullish candle on the daily chart. Analysts said it may face some resistance around its 200-day EMA, which is placed near the 16,750 area as they continue to see the 16,400 level acting as a support zone. immediate.

Japanese stocks open higher, following US gains

Shares in Tokyo opened higher on Friday, extending rallies on Wall Street ahead of U.S. jobs data due later in the day. The benchmark Nikkei 225 rose 0.92%, or 251.42 points, to 27,665.30 in early trading, while the broader Topix index was up 0.60%, or 11, 52 points, at 1,937.91.

The market in Hong Kong, China closed for a public holiday

Financial markets in China, Hong Kong, Taiwan and Thailand are closed on Friday for public holidays.

U.S. stocks rise

Shares on Wall Street overcame a shaky start to close broadly higher on Thursday, as major indexes more than offset their losses earlier in the holiday-shortened week. The S&P 500 rose 1.8% as more than 85% of stocks in the benchmark index gained. The Dow Jones Industrial Average rose 1.3%, while the Nasdaq climbed 2.7%.

The rupee slips from 10 paise to 77.60 against the dollar

The rupee depreciated 10 paise to close at 77.60 against the US dollar on Thursday, even as oil prices fell and domestic equities settled on a positive note. In the interbank foreign exchange market, the rupee consolidated in a narrow range. It opened lower at 77.61 against the greenback and shuttled between 77.63 and 77.54. It eventually closed at 77.60, down 10 paise from its previous close of 77.50.

Sensex, Nifty on Thursday

India’s stock market benchmark Sensex jumped 437 points on Thursday on strong support from buying heavyweights Reliance Industries Limited and Tata Consultancy Services. The 30 S&P BSE Sensex shares jumped 436.94 points or 0.79% to 55,818.11 points against the previous day’s close at 55,381.17 points. The National Stock Exchange’s broader Nifty 50 jumped 105.25 points or 0.64% to 16,628 points against the previous day’s close at 16,522.75 points.

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