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    SGX Nifty down 105 points; here's what changed for market while you were sleeping

    Synopsis

    Asian shares drop at the open on Tuesday following Wall Street losses as tech firms were hit by a report that Apple was pulling back on some investments over concerns about an economic slowdown. MSCI's index of Asia-Pacific shares outside Japan was down by 0.65 per cent.

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    India 10-year bond retreated marginally 0.01 per cent to 7.43 after trading in 7.40 - 7.44 range on Monday.
    Domestic equity markets are set to open on a muted note on Tuesday tracking the weakness in global markets. US Stocks settled in the red on Monday after Apple announced to cut expenses, whereas Asian players followed Wall Street lower. Inflation and recession worries will guide the markets at global levels, whereas India Inc earnings will impact the stocks at home. Here's breaking down the pre-market actions:

    STATE OF THE MARKETS

    SGX Nifty signals a negative start
    Nifty futures on the Singapore Exchange traded 107.5 points, or 0.66 per cent, lower at 16,182.5, signaling that Dalal Street was headed for a negative start on Tuesday.

    • Tech View: Nifty50 on Monday built on the momentum after a gap-up start to eventually close above its recent swing high of 16,275.50, suggesting the bulls were back in the driving seat. Analysts said that the index could be in for some more upside and a level around 16,500 looks a possibility.
    • India VIX: The fear gauge declined more than 2 per cent to 17.16 level on Monday over its close at 17.60 on Friday.

    Asian shares trade lower
    Asian shares drop at the open on Tuesday following Wall Street losses as tech firms were hit by a report that Apple was pulling back on some investments over concerns about an economic slowdown. MSCI's index of Asia-Pacific shares outside Japan was down by 0.65 per cent.

    • Japan's Nikkei gained 0.80%
    • Australia's ASX 200 shed 0.14%
    • New Zealand's DJ dropped 0.62%
    • South Korea's Kospi tanked 0.35%
    • China's Shanghai declined 0.23%
    • Hong Kong's Hang Seng fell 1.01%

    US stocks settle lower
    Wall Street ended lower on Monday after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and spending growth next year. After posting solid gains to start the session following earnings from Bank of America Corp and Goldman Sachs Group Inc, the S&P financial sector weakened into the close.

    • Dow Jones dropped 0.69% to 31,072.61
    • S&P 500 plunged 0.84% to 3,830.85
    • Nasdaq tanked 0.81% to 11,360.05

    A halt in the dollar rally
    The US dollar hovered on Tuesday just above a one-week low reached overnight versus major peers as markets reduced the odds of a percentage-point Federal Reserve rate hike this month.

    • Dollar index pinned at 107.47
    • Euro was trading at $1.01355
    • Pound drifted down to $1.1935
    • Yen was struggled at 138.135 per dollar
    • Yuan exchanged hands at 6.7524 against the greenback

    Oil prices take a breather
    Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the US Federal Reserve's interest rate hike may be less than thought.

    Brent crude futures for September settlement fell 69 cents to $105.58 a barrel by 0036 GMT. WTI crude futures for August delivery fell 65 cents to $101.95 a barrel.

    FIIs buy shares worth Rs 156 cr
    Net-net, foreign portfolio investors (FPIs) turned buyers of domestic stocks to the tune of Rs 156.08 crore, data available with NSE suggested. However, DIIs turned net buyers to the tune of Rs 844.33 crore, data suggests.

    Stocks in F&O ban today
    Only one stock - Delta Corp - is under the F&O ban for Tuesday, July 19. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 per cent of the market-wide position limit.

    Q1 results today
    Hindustan Unilever, HDFC Life Insurance, Ambuja Cements, ICICI Lombard General Insurance, AU Small Finance Bank, Polycab India, Hatsun Agro Products, L&T Finance Holdings, DCM Shriram and Rallis India are among the companies that will announce their quarterly earnings for the quarter ended June 2022.

    MONEY MARKETS
    Rupee: The rupee slid to the psychologically low level of 80 in intra day trade before settling down by 15 paise at 79.97 (provisional) against the US currency on Monday due to a surge in crude oil prices and unrelenting foreign fund outflows.

    10-year bonds: India 10-year bond retreated marginally 0.01 per cent to 7.43 after trading in 7.40 - 7.44 range on Monday.






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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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