5 things that changed for the stock market overnight - Gift Nifty to US Fed meeting minutes
US Federal Reserve meeting minutes showed a cautious approach to future interest-rate moves. The Asian markets traded mostly lower, while the US stock market indices closed in the red overnight after the amid selling in retail and technology shares. On Tuesday, the domestic benchmark equity indices ended with decent gains, snapping a two-day losing streak.
The Sensex closed 275.62 points, or 0.42%, higher at 65,930.77, while the Nifty 50 gained 89.40 points, or 0.45%, to settle at 19,783.40. “The drop in bond yields and the dollar index suggests mounting speculation regarding the potential peak in the interest rate cycle. This will attract funds to emerging markets," said Vinod Nair, Head of Research at Geojit Financial Services.
Also Read: Day trading guide for today: Five buy or sell stocks for Wednesday—November 22 Here are key global market cues for Sensex today: Asian markets traded mostly lower after minutes of the last US Federal Reserve meeting showed the officials had low appetite for interest rate cuts. Japan’s Nikkei 225 rose 0.12%, while the Topix gained 0.20%. South Korea’s Kospi declined 0.56% and the Kosdaq fell 0.11% Hong Kong’s Hang Seng index futures were lower at 17,702 compared with the HSI’s close of 17,733.89.
Australia’s S&P/ASX 200 gained 0.05%. Gift Nifty was trading around 19,862 level as against Nifty futures’ previous close of 19,840, indicating a mildly 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 lower on Tuesday, with the S&P 500 and Nasdaq snapping five-session winning streaks, dragged by selling in retail
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