5 things that changed for market overnight: Gift Nifty, China’s property crisis to global market cues for Sensex today

livemint.com:

Indian stock market is expected to open lower on Friday following selloff in global markets as rising treasury yields weighed on investors’ risk appetite. The Asian markets traded lower following an overnight decline on Wall Street after the treasury yields spiked. Concerns over China’s economic slowdown resurfaced and sentiment weakened after property developer Evergrande filed for bankruptcy protection in the US.

“Indian equities succumbed to global volatility following the hawkish tone of the FOMC minutes meeting and worries over the risk of a downgrade in China’s sovereign credit rating by Fitch. Adding to the negative sentiment, the rupee depreciated to near a 10-month low at 83.14 and the FIIs outflow of almost of ₹10,000 crore in August so far also led to selling at higher levels," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. In the near term, Khemka believes, uncertainty will likely loom in the market following the fragile global cues that could cap the upside.

Here are key things to know before the Indian market opens: Asian markets declined on Friday after the release of Japan’s July inflation data and fresh concerns over China’s real estate sector as property giant Evergrande filed for bankruptcy protection in the US. Japan’s Nikkei 225 fell 0.58% and the Topix declined 0.59% after core inflation rate fell to 3.1% from 3.3% in June. South Korea’s Kospi lost 0.67% and the Kosdaq dropped 0.59%.

Hong Kong’s Hang Seng index futures were trading lower at 18,147 as compared to the previous close of 18,326.63. Australia’s S&P/ASX 200 fell 0.2%. Meanwhile, Gift Nifty was trading lower at 19,305 as compared to Nifty futures’ previous close of 19,384, indicating a negative start for