4 things that changed for market overnight: Gift Nifty, Tesla shares soar to global market cues for Sensex today

livemint.com:

Nifty up more than 70 points from Monday's close on Nifty Futures and tracking positive global cues. Asian stock markets slid sideways, while the US stock market indices ended higher overnight. On Monday, Nifty and Sensex ended in the green for the sixth day in a row, each one gaining nearly 3%.

Nifty touched its new record high of 20,008.15 level. Nifty's last all-time high was 19,991.85, which it hit on July 20, this year. Thus, it scaled a new record in 36 sessions.

Sensex closed 528.17 points, or 0.79 per cent, higher at 67,127.08 while the Nifty closed the day with a gain of 176.40 points, or 0.89 per cent, at 19,996.35. "Bulls continue to lead the way as the benchmark index surged to a historic high, breaching the 20,000 mark for the very first time. This impressive rally followed a breakout from a descending channel that occurred last week.

Looking ahead, market sentiment is expected to remain upbeat as long as the Nifty stays above the 19,900 level. On the upside, we can identify an immediate resistance zone between 20,100 and 20,200. If there is a convincing breakthrough above 20,200, it could pave the way for the Nifty to advance towards the 20,500 mark," said Rupak De, Senior Technical analyst at LKP Securities.

Here are key global market cues for Nifty and Sensex today: Tuesday saw a slight sideways movement in Asian stock markets as the dollar took a breather, its recent advances being checked by pushback from the central banks of China and Japan as well as by speculators awaiting U.S. inflation data to indicate whether or not interest rates have reached their peak. After Bank of Japan Governor Kazuo Ueda suggested that policymakers might have enough economic data by year's end to decide that short-term