Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity markets are likely to open lower amid weak global cues. SGX Nifty signalled that Dalal Street is headed for a negative start as Nifty futures were trading 40 points, or 0.24% lower at 17,500 on the Singapore Exchange, ahead of today’s session. Stocks dipped in Asia in morning trade following a Wall Street retreat and caution ahead of US inflation data that will shape investor expectations for further Fed rate hikes. In the previous session, Indian benchmarks ended in green. The BSE Sensex index closed 465 points or 0.80% higher at 58,853.07, while NSE Nifty 50 settled 127.60 points or 0.73% up at 17,525.

US inflation report for July will be released today and the figures will shape views on how aggressively the Fed will have to raise borrowing costs and whether a shift to rate cuts later next year is a realistic possibility. Economists forecast that the inflation report will show consumer prices rising 0.2% from June to July, according to FactSet. If that happens, it would mark a steep drop from the 1.3% jump from May to June.

India’s trade gap with the United Arab Emirates ballooned fourfold in the May-June period, the first two months since the India-UAE free trade agreement came into effect, driven by a jump in oil and gold imports. The country’s trade deficit with the UAE widened to $3.92 billion in the two-month period from $980 million the year earlier. India, too, made gains, with its exports to the West Asian nation rising 17.5% to $5.4 billion. On the other hand, imports grew 67% to $9.3 billion in the period, mainly due to a spike in oil shipments in both volume and value terms amid soaring global prices.

Domestic stock markets return to action today after a day’s hiatus. So far this week, bulls have been in control on Dalal Street pushing benchmark indices higher. S&P BSE Sensex is currently placed at 58,853 points adding 465 points or 0.80% on Monday while NSE Nifty 50 is at 17,525, up 127 points or 0.73%. India VIX is again on its way up, sitting above 19 levels. Entering Wednesday's trade, SGX Nifty was down with losses, suggesting a weak to flat opening for domestic markets. Global cues were weak after Wall Street closed in the red on Tuesday.

Stocks dipped in Asia on Wednesday following a Wall Street retreat and caution ahead of US inflation data that will shape investor expectations for further Federal Reserve interest-rate hikes. Equities fell in Japan, South Korea and Australia, while US contracts wavered following a drop in the S&P 500 for a fourth session. Micron Technology Inc. became the latest chipmaker to warn about slowing demand, fanning economic concerns and spurring a slide in the technology-heavy Nasdaq 100. Treasury yields and a dollar gauge edged up, crude oil slipped closer to $90 a barrel and both gold and Bitcoin were on the back foot.