5 things that changed for the stock market overnight - Gift Nifty to easing crude oil prices
Nifty 50 closing below 19,500 level. investors will now focus on the Reserve Bank of India (RBI) monetary policy decision to be announced on Friday and the upcoming corporate earnings season. “We expect weakness to persist in the market in the coming weeks till the headwinds recede.
The Q2 earnings season will start next week and is expected to maintain the growth momentum of previous quarters. Even the pre-quarterly updates released so far indicate healthy traction," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Market direction going ahead will depend upon the combination of global/local macros and earnings delivery along with management outlook, Khemka added.
Here are key domestic and global market cues for Sensex today: Asian markets traded higher on Thursday following overnight gains on Wall Street as the US dollar and Treasury yields retreated following much weaker-than-expected jobs data. Japan’s Nikkei 225 gained 0.53% and the Topix rose 0.67%. South Korea’s Kospi added 0.78%, while the Kosdaq rallied 1.41%.
Hong Kong’s Hang Seng index futures were at 17,230 compared to the HSI’s close of 17,195.84. China’s markets are closed for the weeklong holiday. Australia’s S&P/ASX 200 was up 0.19%.
Meanwhile, Gift Nifty was trading around 19,491 as against Nifty futures’ previous close of 19,478, indicating a positive start for the Indian benchmark indices. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 5 The US stock market indices ended higher on Wednesday as traders trimmed bets on higher interest rates, while Treasury yields eased off of 16-year highs. The Dow Jones Industrial Average rose 127.17 points, or 0.39%, to 33,129.55, and the S&P
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