Tesla Stock – Stock Market Live Updates: SGX Nifty indicates a flat start for Indian indices; ACC, ICICI Prudential in focus
Oil prices rise on weaker dollar, likely drawdown in U.S. stocks
Oil prices rose on Tuesday as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world’s biggest oil user, though rising coronavirus cases in Asia capped gains. Brent crude futures for June delivery rose by 29 cents, or 0.4%, to $67.33 a barrel at 0157 GMT. U.S. West Texas Intermediate (WTI) crude futures for May delivery, which expire on Tuesday, were up 19 cents, or 0.3%, to $63.57 barrel. The more-active June contract was at $63.71, up 0.4%, or 28 cents. Buyers using other currencies pay less for dollar-denominated oil when the greenback weakens.
Asian shares up on China gains but tech worries weigh
Asian shares rose on Tuesday, led by a stronger Chinese opening and shaking off the initial drag from tech-driven Wall Street losses, while the dollar stayed at multiweek lows against other major currencies. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.2%, swinging into positive territory after Chinese blue chips rose 0.13%. South Korea gained 0.4%. Elsewhere, Japan’s Nikkei dropped 1.84%, as the country continues to grapple with a resurgence in COVID cases.
Wall Street slips from record levels; Tesla shares fall after fatal car crash
Major US stock indexes fell from record levels on Monday as investors sought cues from first-quarter earnings reports to justify the rich valuation of equities, while Tesla shares fell following a fatal car crash. The electric-car maker was down 3.5% after a Tesla vehicle, which was believed to be operating without anyone in the driver’s seat, crashed into a tree on Saturday night north of Houston, killing two occupants. The stock, which was the biggest drag on the S&P 500 and the Nasdaq, was also under pressure due to a sharp drop in bitcoin over the weekend. More here
First up, here is quick catchup of what happened in the markets on Monday
Another record single-day spike in fresh COVID cased spooked investors on Dalal Street with the benchmark indices ending nearly 2 percent on Monday. The Sensex ended 882 points lower at 47,949 while the Nifty lost 258 points to settle at 14,359. Banking, energy and auto stocks dragged the indices the most while pharma stocks were the only ones in green. Broader markets underperformed benchmarks with the Midcap and Smallcap indices down over 2 percent each. On the Nifty50 index, Dr Reddy’s, Britannia, Cipla, Wipro and Infosys were the top gainers while Adani Ports, ONGC, Powergrid, Hero Moto and IndusInd Bank led the losses.
Welcome to CNBC-TV18’s Market Live Blog
Good morning, readers! I am Pranati Deva from the market’s desk of CNBC-TV18. Welcome to our market blog, where we provide rolling live news coverage of the latest events in the stock market, business and economy. We will also get you instant reactions and guests from our stellar lineup of TV guests and in-house editors, researchers, and reporters. If you are an investor, here is wishing you a great trading day. Good luck!