10 things that changed for the stock market overnight - Gift Nifty, US GDP to Accenture’s muted earnings forecast
domestic equity benchmarks settled around a percent lower amid volatility due to the monthly F&O expiry and dragged by weak global cues. Going ahead, the weakness in the market is likely to extend till the worry over the elevated oil prices and higher interest rates remains, posing a risk to the earnings growth trajectory. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd Asian markets traded higher on Friday following overnight gains on Wall Street and release of key economic data in Japan.
Japan’s Nikkei 225 rose 0.1%, while Topix fell 0.2%. Hong Kong’s Hang Seng index futures traded at 17,554, compared to the HSI’s close of 17,373.03. South Korean and mainland Chinese markets are closed for a holiday.
Australia’s S&P/ASX 200 gained 0.31%. Meanwhile, Gift Nifty was trading at around 19,636 level as against Nifty futures’ previous close of 19,655, indicating a negative start for the Indian benchmark indices. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 29 US stock market indices ended higher on Thursday as a rise in Treasury yields stalled, while investors assessed economic data.
The Dow Jones Industrial Average rose 116.07 points, or 0.35%, to 33,666.34, while the S&P 500 gained 25.19 points, or 0.59%, to 4,299.70. The Nasdaq Composite ended 108.43 points, or 0.83%, higher at 13,201.28. Among stocks, Accenture shares slumped 4.3% after the IT services firm forecast full-year earnings and first-quarter revenue below Wall Street targets.
Micron Technology shares dropped 4.4% after the chip company forecast a bigger loss than analysts had expected. Nike shares were up about 8% in extended trading. Exciting news! Mint is now on WhatsApp Channels
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