Stock Market Live Updates: SGX Nifty signals a positive start; Asian shares trade higher

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Quarterly earnings today

66 companies to detail December quarter earnings. Axis Bank, IDBI Bank, and Poonawalla Fincorp among the major ones.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 96.5 points, or 0.53 per cent, higher at 18,141, signaling that Dalal Street was headed for a positive start on Monday.

Tech View: Nifty forms Doji candle on weekly charts

Suggesting a tight fight between bulls and bears, the headline index Nifty on Friday formed a Doji candle on the weekly frame and a hold of 18018 is crucial for a decisive move in the next week.

Tokyo stocks open higher tracking US rallies

Tokyo stocks opened higher on Monday after Wall Street stocks rebounded, led by tech shares buoyed by Netflix results and Federal Reserve comments signalling smaller interest rate hikes.

Wall Street rallies to end higher on Alphabet, Netflix lift

U.S. stocks rallied to close higher on Friday, as the S&P 500 and Dow snapped a three-session losing streak and the Nasdaq rose more than 2%, as quarterly earnings helped lift Netflix, while Google parent Alphabet climbed after announcing job cuts.

Oil prices fall but remain buoyed by China outlook

Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week’s gains on the prospect of an economic recovery in top oil importer China this year.Brent crude futures retreated by 46 cents, or 0.5%, to $87.17 at 0031 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 40 cents, also down 0.5%, to $81.24 a barrel.

Rupee gains 19 paise to close at 81.17 against US dollar

The rupee appreciated by 19 paise to close at 81.17 against the US dollar on Friday on broad dollar weakness. However, weak domestic equities and a surge in crude oil prices capped the gains for the local currency, forex traders said.

Sensex, Nifty on Friday

The BSE Sensex index ended 237 points or 0.39% lower at 60,662, while Nifty50 fell 80 points or 0.44% to settle at 18,027.

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

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