5 things that changed for market overnight: Gift Nifty, BoE monetary policy to global market cues for Sensex today
Indian stock market indices are expected to open lower Friday tracking weakness in global peers amid worries over interest rates staying higher for longer that sent treasury yields soaring. Asian markets traded lower, while the US stock markets ended with steep losses overnight. The domestic benchmark equity indices witnessed an all-round selloff on Thursday with the Nifty 50 and Sensex ending in the negative territory for the third consecutive session.
“Market fell by 2.2% in the last three days amid profit booking at higher levels. Uncertain global cues and persistent selling by FIIs are likely to keep markets under pressure in the near term. It would be better to prefer defensive sectors for some time until the market stabilizes," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Here are key domestic and global market cues for Sensex today: Asian markets traded lower on Friday following overnight losses on Wall Street amid dampened risk appetite. Japan’s Nikkei 225 declined 1.15% ahead of the Bank of Japan’s decision, while the Topix fell 0.92%. South Korea’s Kospi dropped 0.87% and the Kosdaq eased 0.7%.
Hong Kong’s Hang Seng index futures traded lower at 17,585 compared to the HSI’s close of 17,655.41. Australia’s S&P/ASX 200 slid 1.4%. Meanwhile, Gift Nifty was trading at 19,669, as against Nifty futures’ previous close of 19,769, indicating a negative opening for the Indian benchmark index.
Read more on livemint.com
