Sensex Today Live: Stock Market Live Updates: Sensex off day’s high, jumps 150 points, Nifty above 20,150; auto, PSU Bank indexes rise 1% each

Sensex Today Live: Stock Market Live Updates: Sensex off day’s high, jumps 150 points, Nifty above 20,150; auto, PSU Bank indexes rise 1% each

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12:34 PM

Tokyo markets end higher

Tokyo stocks ended higher on Friday, extending rallies on Wall Street where traders digested strong retail sales figures.

The benchmark Nikkei 225 index was up 1.10 percent, or 364.99 points, to end at 33,533.09, while the broader Topix index added 0.95 percent, or 22.81 points, to 2,428.38.

11:49 AM

Crypto Price Today: Bitcoin rises above $26,500; XRP, Tron jump up to 4%

Major cryptocurrencies traded higher on Friday. Bitcoin (BTC) rose 1.5% to $26,580, whereas Ethereum (ETH) was above the 1,600 level.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.5% in the last 24 hours.

Other top crypto tokens were also trading higher on Friday. XRP, Cardano, Solana, Tron, Polygon, Litecoin, and Shiba Inu gained 2-4%.

10:28 AM

India bond yields edge higher ahead of fresh supply

Indian government bond yields rose marginally in early session on Friday, after easing over the last two sessions, as focus shifted to the weekly debt auction.

The new 10-year benchmark 7.18% 2033 bond yield was at 7.1092% as of 10:10 a.m. IST, after ending the previous session at 7.1048%.

09:33 AM

Market View | Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Service

The participation of bluechips like Infosys, RIL, L&T, HDFC Bank and ICICI Bank has imparted resilience to the ongoing rally. Even though the undercurrent of the market is bullish the high valuations and new risks like surging crude and rising dollar index can impact the market negatively. Brent crude at $94 is a major macro worry which the market cannot ignore for long. The rising dollar index which has breached 105 and the attractive US bond yields (10-year at 4.28%) will force the FIIs to sell aggressively soon.

Even while remaining invested in this rally investors can consider some profit booking, particularly in the over-heated mid-and small-cap space. In the micro-cap segment, hope and momentum, not fundamentals are driving the rally.

09:20 AM

Sensex Today | Wipro best performer in opening deal, HUL worst

> 18 of 30 index stocks trade in the green

A firm opening for local benchmark indices could be seen on the back of firm global cues. However, a strong US retail sales shows that the US economy remains resilient, which could prompt the Fed to keep borrowing costs elevated for a longer period. At some point, valuation could come into play as they are getting expensive and hence some profit-taking could be likely in the near term. Technically speaking, Nifty’s biggest intraday hurdles are at the 20250 mark.

– Prashanth Tapse, Senior VP (Research), Mehta Equities

08:03 AM

Markets Live Updates: Gold set for second weekly drop on higher-for-longer rate jitters

Gold prices were on track for their second straight weekly decline on Friday as U.S. inflation readings for August reinforced market bets for further rate hikes by the Federal Reserve after a likely rate pause next week.

08:02 AM

Markets Live Updates: Dollar firm as markets eye China data

The dollar was on the front foot in Asia on Friday, retaining overnight gains against peers after strong U.S. economic data and an ECB rate hike, with traders’ attention warily turning to a data deluge from China.

07:22 AM

Markets Live Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start

GIFT Nifty on the NSE IX traded 12 points, or 0.06 per cent, at 20,229.50, signaling that Dalal Street was headed for positive start on Friday.

07:21 AM

Tech View: Nifty charts hint at short-term top formation

As the Nifty ended 33 points higher on Thursday’s expiry, the index formed a spinning top-like pattern on the daily chart suggesting the possibility of the formation of a short-term top.

07:21 AM

Rupee falls 2 paise against US dollar

The rupee pared initial gains to settle 2 paise lower at 83.03 against the US dollar on Thursday, weighed down by a surge in crude oil prices and strong American currency overseas.

07:21 AM

Markets Live Updates: Tokyo shares open higher

Tokyo stocks opened higher on Friday, extending rallies on Wall Street where traders digested strong retail sales figures.The benchmark Nikkei 225 index was up 0.83 percent, or 274.72 points, at 33,442.82 in early trade, while the broader Topix index added 0.83 percent, or 19.89 points, to 2,425.46.

07:21 AM

Wall Street ends higher on economic data; Arm soars in debut

The S&P 500 ended higher on Thursday as hotter-than-expected economic data eased worries about a recession without raising fears of a Federal Reserve rate hike next week, while Arm Holdings soared in its stock market debut.

07:20 AM

Markets Live Updates: Oil prices rise to 10 month-high on China reserve ratio cut

Oil prices rose to their highest level in 10 months on Friday, after China cut banks’ cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike cycles were nearing their end.

07:20 AM

Sensex, Nifty on Thursday

The 30-share BSE benchmark Sensex rose 52 points or 0.08% to settle at 67,519. The broader NSE Nifty surged 33 points or 0.16% to end at 20,103.

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