The European Central Bank stuck to a planned interest rate increase Thursday as it remained laser-focused on battling sky-high inflation despite market turmoil over fears of a widening banking crisis. Oil prices settled 1% higher on Thursday, ending a three-session losing streak, after reports that Saudi Arabia and Russia met to discuss ways to enhance market stability.īrent crude futures rose $1.37, or 1%, to settle at $74.70 a barrel, while the West Texas Intermediate crude futures (WTI) gained 74 cents, or 1.1%, to settle at $68.35 a barrel. Oil snaps declining streak as Saudi, Russia meeting calms markets The Nifty futures were trading around 17,173 levels on the Singaporean exchange.
Trends in the SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 151 points. South Korea’s Kospi was also up 0.91%, while the Kosdaq saw a smaller gain at 0.7%. Japanese markets were higher with the Nikkei 225 up 0.88% and the Topix 0.94% higher. The Dow Jones Industrial Average rose 371.98 points, or 1.17%, to 32,246.55, the S&P 500 gained 68.35 points, or 1.76%, to 3,960.28 and the Nasdaq Composite added 283.23 points, or 2.48%, to 11,717.28.Īsia-Pacific markets were higher Friday after major Wall Street banks came to the rescue of embattled First Republic Bank in an attempt to bolster confidence in the banking system. The technology sector also contributed to the gains, helping to boost the Nasdaq Composite to its strongest performance since February 2, 2022. We have collated a list of important headlines across news platforms which could impact Indian as well as international markets:Ī strong rebound by financials helped Wall Street's main indexes close firmly positive on Thursday, after some of the country's largest lenders came to the rescue of embattled First Republic Bank. Stay tuned to Moneycontrol to find out what happens in the currency and equity markets today. If the index moves up, the key resistance levels to watch out for are 17,047, followed by 17,097 and 17,178. In the previous session, the BSE Sensex rose 79 points to close at 57,635, while the Nifty50 gained 13.4 points to settle at 16,986 and formed a Long Legged Doji pattern on the daily charts, indicating the tug of war between bulls and bears after taking support at 16,850.Īs per the pivot charts, the Nifty has support at 16,885, followed by 16,835 and 16,754. The market is expected to open in the green on March 17 as trends in the SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 151 points.
0 kommentar(er)
