Stock Market Today: GIFT Nifty on the NSE IX down 23 points, or 0.12%, to 19,389, indicating that Dalal Street will have a bad start on Thursday. On the daily chart, Nifty made a small green candle with minor upper and lower shadows by finishing roughly 30 points higher at 19,465. Technically, this pattern is a side by side bull candle pattern, but the pattern location is not perfect. As a result, a little upside bounce may be expected from here, but the market may be concerned about the sustainability of this bounce, according to HDFC Securities’ Nagaraj Shetti.
Tokyo stocks opened lower
Tokyo stocks began lower on Thursday, mirroring Wall Street losses as US Treasury bond rates rose to multi-year highs.The Nikkei 225 index slid 0.46 percent, or 144.84 points, to 31,621.98, while the Topix index fell 0.37 percent, or 8.33 points, to 2,252.51.
Stock Market Today: Oil prices fell
Oil prices dipped in early trade on Thursday, extending losses to a fourth straight session on concerns about slowing Chinese growth and additional U.S. interest rate hikes, which are reducing fuel consumption in the world’s two largest economies. Brent crude futures were down 37 cents, or 0.44%, to $83.08 a barrel at 0038 GMT, while West Texas Intermediate crude (WTI) was down 39 cents, or 0.49%, to $78.99 a barrel.
Govt planning to sell IRFC shares via OFS
An official said on Wednesday that the government intends to sell a portion of its stake in the state-owned Indian Railway Finance Corp (IRFC) through an offer for sale (OFS) in the current fiscal year.
The government presently owns 86.36 percent of the Indian Railways’ financial arm. According to the official, an inter-ministerial group (IMG) made up of top officers from the Department of Investment and Public Asset Management (DIPAM) and the Railways Ministry has begun negotiations to determine the amount of share dilution.
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