5 things that changed for the stock market overnight - Gift Nifty, hawkish US Fed officials to drop in oil prices
Sensex ended 16.29 points, 0.03%, lower at 64,942.40, while the Nifty 50 closed down 5.05 points, or 0.03%, at 19,406.70. “Market has shown resilience at lower levels, despite a subdued global environment. We expect the market to gradually move upwards given a strong Indian economy and healthy earnings season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Investors now await US Federal Reserve Chairman Jerome Powell’s commentary scheduled on Thursday for future direction, while China’s CPI data would also be closely watched. Also Read: Day trading guide for today: Six buy or sell stocks for Wednesday—November 8 Here are key global market cues for Sensex today: Asian markets traded higher on Wednesday following overnight gains on Wall Street as US Treasury yields dropped and crude oil prices declined to a three-month low. Japan’s Nikkei 225 rose 0.57% and the Topix gained 0.14%.
South Korea’s Kospi rallied 0.72%, while the Kosdaq was up 0.30%. Hong Kong’s Hang Seng index futures was higher at 17,727 compared to the previous close of 17,670.16. Australia’s S&P/ASX 200 gained 0.31%.
Gift Nifty was trading around 19,489 level as against Nifty futures’ previous close of 19,480, indicating a flat-to-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 indices ended higher on Tuesday, with the S&P 500 and Nasdaq notching their longest gaining streak in two years, amid a retreat in US Treasury yields. The Dow Jones Industrial Average gained 56.94 points, or 0.17%, to 34,152.8, while the S&P 500 rose 12.40 points, or 0.28 %, to end
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