Stock Market LIVE: Asian shares hint at steady start; SGX Nifty flat

Traders have kept aside the worries of darkening economic outlook amid high inflation and tightening monetary policy for now. Wall Street got a boost from robust earnings from US retailers on Tuesday and ended with gains but tech stocks lost ground. Asian markets also followed suit and are trading in the green on Wednesday

17 Aug 2022, 07:30:35 AM IST

Oil prices recover from 6-month lows after drop in U.S. stockpiles

Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in U.S. oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession.

Brent crude futures rose 13 cents, or 0.1%, to $92.47 a barrel by 0035 GMT. West Texas Intermediate (WTI) crude futures climbed 27 cents, or 0.3%, to $86.80 a barrel. (Reuters)

17 Aug 2022, 07:30:02 AM IST

Tokyo stocks open higher on strong US retail readings

Tokyo stocks opened higher on Wednesday as investors took heart from strong US retail sector reports and worries eased over inflation.

The benchmark Nikkei 225 index was up 0.4%, or 114.52 points, at 28,983.43 in early trade, while the broader Topix index advanced 0.46%, or 9.10 points, to 1,991.06. (AFP)

17 Aug 2022, 07:29:17 AM IST

Adani Logistics to buy Navkar’s inland container depot in Gujarat for ₹835 cr

Adani Logistics Ltd (ALL), a unit of Adani Ports and Special Economic Zone Ltd, on Tuesday said it has signed a definitive agreement to acquire an inland container depot (ICD) from Navkar Corporation Ltd for an enterprise value of 835 crore. The depot‘s private freight terminal is connected to the western direct freight corridor through four rail handling lines. (Full Report)

17 Aug 2022, 07:27:44 AM IST

Wall Street up broadly as big tech dips in cautious trade ahead of fed minutes release

Wall Street registered another broadly higher close on Tuesday even as Big Tech stocks fell in cautious trade ahead of the release of the highly-anticipated minutes of the Federal Reserve’s July meeting.

The Dow Jones Industrial Average, which comprises stocks of 30 large US corporations, climbed 0.7% on the day, extending Monday’s gain of 1 .5%.

The S&P 500 index, which represents the top 500 US stocks, rose 0.2%, adding to the previous session’s advance of 0.4%. (ANI)

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