5 things that changed for the stock market over the weekend - Gift Nifty to Israel-Hamas war
Sensex and Nifty 50, ended over half a percent higher each after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained a status quo on repo rates and policy stance, in line with expectations. RBI's MPC unanimously decided to keep the repo rate unchanged at 6.5 per cent on Friday. The central bank also retained its policy stance as the "withdrawal of accommodation" with five out of six MPC members voting in favour of this.
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 9 Here are key domestic and global market cues for Sensex today: Asian markets traded mixed, while the US stock futures dropped 0.7% in early Monday trade after the fresh geopolitical tensions escalated in the Middle East. The MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2%. Japan and South Korea’s markets are closed for a holiday.
Trading in the Hong Kong stock market has been halted for the morning session after the country raised its typhoon warning to Signal 8 for Typhoon Koinu. However, Hang Seng index futures stood higher at 17,724 compared to the HSI’s last close of 17,485.98. Australia’s S&P/ASX 200 rose 0.61% in early trading, snapping a five-day losing streak.
Meanwhile, the Gift Nifty was trading at around 19,658 as against Nifty futures’ previous close of 19,688, indicating a negative start for the Indian benchmark indices. Also Read: Indian stocks brace for Israel-Hamas war impact US stock market indices ended higher on Friday led by technology shares, with the S&P 500 and Nasdaq registering their biggest daily percentage gains since late August. The Dow Jones Industrial Average rallied 288.01 points, or 0.87%, to 33,407.58, while the S&P 500 jumped
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