5 things that changed for market overnight: Gift Nifty, Apple shares slump to global market cues for Sensex today
Indian stock market is expected to open on a cautious note following weak global cues amid a drop in shares of tech companies in the US. The Asian markets traded mixed, while the US stock market indices also ended mixed overnight. On Thursday, the Indian equity indices ended over half a percent higher each, extending the rally for the fifth consecutive session.
“Nifty has shown good momentum in September so far and is inching closer towards its life highs where it could face some resistance. However we expect outperformance in the broader market to continue with interest in niche sectors," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian stock markets traded mixed on Friday following weakness on Wall Street and after Japan released revised second quarter gross domestic product figures.
Japan’s Nikkei 225 fell 0.37% and the Topix declined 0.42%. South Korea’s Kospi was flat, while the Kosdaq gained 0.6%. Australia’s S&P/ASX 200 rose marginally.
Meanwhile, Gift Nifty was trading at around 19,783 as compared to Nifty futures’ previous close of 19,768, indicating a positive start for the Indian benchmark equity indices. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 8 The US stock market indices ended mostly lower on Thursday dragged by a selloff in chip stocks led by a sharp fall in Apple shares. A drop in weekly US jobless claims raised worries about interest rates and sticky inflation.
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