SGX Helpful Hints on 1% Opening Gain; RIL, Future Retail, Indian oil, TVS Motor in Focus
US futures fell as Asian stocks rose as crude oil prices rose, as the war in Ukraine neared the end of the first month and investors followed geopolitical tensions in the Middle East.
Australian equities rose while South Korean equities were volatile. The moves signal a pause towards the best weekly performance in global equities in more than 15 months.
Singapore-traded SGX Nifty, an early barometer of India’s benchmark Nifty 50 index, rose 1.21% to 17,490.50 points as of 6:30 am. Nymex crude rose to nearly $107 a barrel as bitcoin hovers around $41,400.
The focus will shift to US Federal Reserve Chairman Jerome Powell, who will give a speech later in the day. This came a week after the Fed implemented a 25 basis point rate hike to trigger monetary policy renormalization.
This post SGX Helpful Hints on 1% Opening Gain; RIL, Future Retail, Indian oil, TVS Motor in Focus was original published at “https://www.bloombergquint.com/markets/share-market-live-sgx-nifty-gains-12-ril-future-retail-indian-oil-tvs-motor-in-focus”