Stock Market Live Updates: SGX Nifty signals a negative start; Asian stocks trade lower

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Asian shares slip anew, dollar keeps rising

Asian shares got off to a rocky start on Monday while the dollar remained in demand amid concerns most major central banks are committed to raising interest rates no matter the risks to growth.

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 86.5 points, or 0.49 per cent, lower at 17,657.50, signaling that Dalal Street was headed for a negative start on Monday.

Oil falls on concerns economic slowdown may dent fuel demand

Oil prices fell on Monday, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand. Brent crude futures for October settlement declined $1.17, or 1.2%, to $95.55 a barrel by 0054 GMT, with concerns over slowing demand in China because of a power crunch in some areas also weighing on prices.

Tokyo stocks open lower

Tokyo stocks opened lower Monday on renewed fears of interest rate hikes following hawkish comments from US Federal Reserve officials. The benchmark Nikkei 225 index fell 1.15 percent, or 331.43 points, to 28,598.90 in early trade, while the broader Topix index lost 0.85 percent, or 16.96 points, to 1,977.56.

Tech View: Nifty50’s indecisive candle on weekly chart a cause for concern

The Nifty50 on Friday snapped an eight-day winning run and formed a bearish candle on the daily chart that engulfed the last few sessions of indecisive candles, sending signs of weakness.

Wall Street ends down as yields rise; indexes post weekly losses

U.S. stocks fell on Friday in a broad selloff led by megacaps as U.S. bond yields rose, with the S&P 500 posting losses for the week after four straight weeks of gains.

Rupee falls 20 paise to 79.84 against US dollar

The rupee depreciated by 20 paise to close at 79.84 against the US dollar on Friday amid a strengthening greenback overseas.

Sensex, Nifty on Friday

The Nifty50 snapped its longest winning streak in nearly two years as the 50-pack index hit the sub-17,800 level, while the BSE barometer Sensex cracked 652 points to end the session at 59,646.15. Both indices ended over 1% lower from their previous close.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day

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