SUMMARY
Trends on SGX Nifty indicate a positive opening for the broader index in India on Friday. The Asian Development Bank cut its economic growth forecast for India to 7.2 percent for 2022-23 from 7.5 percent estimated earlier. Also, the rupee recovered from its all-time low of 80.06 to close 20 paise higher at 79.85 against the US dollar on Thursday. Here are 10 things you should know before opening bell on July 22:
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Wall Street | Dow Jones Industrial Average index gained 0.51 percent on Thursday. S&P 500 edged higher by 0.99 percent while the tech-heavy Nasdaq index witnessed a 1.36 percent gain. (Image: Reuters)
2 / 10Asian Equities | Japan's Nikkei rose by 0.31 percent while the Shanghai index gained by 0.53 percent at 7:30 am on Friday. (Image: Reuters)
3 / 10SGX Nifty | Trends on SGX Nifty indicate a positive start for the broader index in India, with a gain of 0.25 percent. The Nifty futures were trading around 16,658.50 level on the Singaporean Exchange at 7:30 IST. (Image: Reuters)
4 / 10Dalal Street | Market benchmarks marched higher for the fifth straight session on Thursday as investors accumulated energy, financial and IT stocks amid a mixed trend in global equities. The 30-share BSE Sensex climbed 284.42 points or 0.51 percent to settle at 55,681.95. Likewise, the broader NSE Nifty went higher by 84.40 points or 0.51 percent to 16,605.25.
5 / 10Asian Development Bank | The Asian Development Bank cut its economic growth forecast for India to 7.2 percent for 2022-23 from 7.5 percent estimated earlier because of higher-than-expected inflation and monetary tightening.
6 / 10Rupee | The rupee recovered from its all-time low of 80.06 to close 20 paise higher at 79.85 against the US dollar on Thursday following overall weakness in crude oil prices and fresh foreign fund inflows.
7 / 10Crude Oil | Brent oil price gained by 0.81 percent to 104.76 a barrel at 7:30 AM on Friday.
8 / 10Gold | Spot gold rose by 1.60 percent at $1,715.10 per ounce, as of 7:30 am on Friday. (Image: Reuters)
9 / 10Cryptocurrency | Bitcoin fell 2.40 percent to $23,106.13 at 7:30 am on Friday while Ethereum blockchain network gained 1.62 percent to $1,579.69. (Image: shutterstock)
10 / 10Russia-Ukraine War | Ukraine's military has the potential to make gains on the battlefield and inflict major losses on Russia, President Volodymyr Zelenskyy said on Thursday after meeting senior commanders. In a late-night video address, he said that the meeting had discussed the supply of modern weapons, adding the intensity of attacks on the Russians had to be stepped up.
