5 things that changed for the stock market overnight - Gift Nifty to dovish US Federal Reserve
Nifty 50 closed at 19,512.35, down 141 points, or 0.72% and the Sensex ended the day with a loss of 483 points, or 0.73%, at 65,512.39. “In the near term, we expect markets to remain volatile amid geopolitical stress and inflationary pressure ahead of CPI data to be released by the US, Europe, and China later during the week," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Global markets today: Oil prices jump, investors shun stocks Here are key global cues from Sensex today: Asian markets traded higher on Tuesday following overnight gains on Wall Street.
Japan’s Nikkei 225 rallied 2% and the Topix gained 1.9%. South Korea’s Kospi jumped 1.64%, while the Kosdaq rose 0.71%. Hong Kong’s Hang Seng index futures traded higher at 17,658, compared with the HSI’s close of 17,517.4.
Australia’s S&P/ASX 200 surged 1.1%. Meanwhile, Gift Nifty was trading around 19,620 level as compared to Nifty futures’ previous close of 19,522, indicating a gap-up start for the Indian benchmark indices. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 10 The US stock market indices reversed earlier losses to end higher on Monday amid dovish comments from the US Federal Reserve officials.
The Dow Jones Industrial Average rallied 197.07 points, or 0.59%, to 33,604.65, while the S&P 500 gained 27.16 points, or 0.63%, to 4,335.66. The Nasdaq Composite ended 52.90 points, or 0.39%, higher at 13,484.24. Among stocks, United Airlines, Delta Air Lines and American Airlines ended down more than 4% each.
Defense stocks rallied, with the S&P 500 Aerospace & Defense index ending up 5.6%. Northrop Grumman jumped 11.4% and L3Harris Technologies surged 9.96%. The US bond
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