5 things that changed for the stock market overnight - Gift Nifty to drop in US Treasury yields
Nifty 50 closed 178 points, or 0.91%, higher at 19,689.85 and the Sensex ended the day at 66,079.36, up 567 points, or 0.87%. “A lot of stock specific action would be seen over the next 45 days as the earnings get declared. On the index front, Nifty might continue with its consolidation with bouts of volatility as it would track the geo-political development, US bond yields and oil prices amidst result announcements," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 11 Here are key domestic and global market cues for Sensex today: Asian markets traded higher following overnight gains on Wall Street as US Treasury yields dropped and oil prices eased. Japan’s Nikkei 225 gained 0.26%, while the Topix fell 0.12%. South Korea’s Kospi rallied 1.63% and the Kosdaq rose 1.68%.
Hong Kong’s Hang Seng index futures were trading higher at 17,981, compared with the HSI’s close of 17,664.73. Australia’s S&P/ASX 200 rose 0.6%, extending the rally for the four straight day. Gift Nifty was trading at 19,783 as against Nifty futures’ previous close of 19,746, indicating a positive start for the Indian benchmark indices.
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) US stock market indexes closed higher on Tuesday, gaining for the third straight day, after dovish comments from the US Federal Reserve officials pushed Treasury yields lower. The Dow Jones Industrial Average rose 134.65 points, or 0.4%, to 33,739.3, while the S&P 500 gained 22.58 points, or 0.52%, to 4,358.24. The Nasdaq Composite ended 78.61 points,
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