Stock Market Live: Indices expect strong opening as SGX Nifty trades higher

 

• Share Market Live Updates: Share market can expect positive momentum on the last trading day of the year as SGX Nifty is trading in green. Wall Street closed in the green on Thursday and Asian markets are trading with gains in the morning session.

The rise in US jobless claims signaled some cooling in the economy. With interest rates being hiked by central banks to fight inflation, worries of a global recession keep investors on their toes. Rising cases of COVID-19 in China have also not helped the sentiment amid easing of restrictions to curb the pandemic.

30 Dec 2022, 07:30:49 AM IST

Radiant Cash Management IPO allotment date today how to check online status

The announcement of share allotment for the Initial Public Offering (IPO) of Radiant Cash Management Services Limited is likely to be finalized any time today. As per the tentative schedule of the ₹387.94 crore public issue, the Radiant Cash Management IPO date of allotment is likely to be on December 30, 2022. Those who have applied for the Public Issue can check the Radiant Cash Management IPO allotment status online by logging in. BSE's website - bseindia.com or on the website of the official registrar of the IPO. Link Intime Private Limited has been appointed as the official registrar to this public issue and its official website is linkintime.co.in.

30 Dec 2022, 07:29:21 AM IST

US, European stock markets jumped on Thursday on US labor data

Wall Street and European stocks rose on Thursday as a rise in US jobless claims signaled some cooling in the economy, bringing optimism about the direction of interest rate hikes.

The US Federal Reserve and other central banks have raised rates in an effort to rein in rising inflation, but investors fear the aggressive stance could trigger a recession as higher borrowing costs slow economic activity.

Data on Thursday showed that initial US jobless claims for the week ending Dec. 24 rose by more than expected to 225,000, indicating the labor market may be cooling.

Central bank policymakers have been particularly concerned about the jobs market, where demand for workers has exceeded supply, and wages are rising fast.

The Paris CAC 40 index and the Frankfurt DAX closed nearly 1 percent higher, while London's FTSE 100 rose 0.2 percent.

Wall Street closed higher after two gloomy days, with the tech-heavy Nasdaq surging 2.6%.