Share Market live:SGX Nifty is off to a bad start

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Share Market live:On Monday, Asian stock markets were mostly lower, and the dollar remained firm after a stunning U.S. payrolls report pushed back against talk of a recession while also bolstering the case for more massive rate hikes.

Share Market Live: Today’s earnings for the quarter: According to Share Market Live, Companies such as Bharti Airtel, Adani Ports and Special Economic Zone, Power Grid Corporation Of India, Samvardhana Motherson International, Delhivery, Torrent Power, Whirlpool Of India, and National Aluminium Company will report quarterly earnings today.

The SGX Nifty indicates a negative start: According to Share Market Live, Nifty futures on the Singapore Exchange were trading 65 points, or 0.37 percent, lower at 17,358.50, indicating that Dalal Street was set to open lower on Monday.

Nifty50 loses momentum, may enter a consolidation phase

For the second consecutive session, the Nifty50 finished flat. On the daily chart, the index formed an indecisive candle. The index formed a small bullish candle on a weekly basis. Analysts believe the index is losing steam after recent strong gains. They see 17,500 as an immediate barrier. They believe that the level of 17,150 will provide strong support.

Oil prices are falling due to recession fears and a slow recovery in China imports.Oil prices fell on Monday, hovering near multi-month lows, as recession fears weighed on the outlook for demand and data showed a slow recovery in China’s crude imports last month.

Share Market Live: Tokyo stocks opened lower on Monday, following recent gains in Japanese markets and a drop in US tech share prices. In early trade, the Nikkei 225 index fell 0.33 percent, or 92.54 points, to 28,083.33, while the broader Topix index fell 0.36 percent, or 6.94 points, to 1,940.23 in Share Market Live.

The S&P 500 fell on Friday, dragged down by Tesla and other technology-related stocks, after a strong jobs report dashed recent hopes that the Federal Reserve would ease up on its aggressive campaign to rein in decades-high inflation.

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