6 things that changed for market over the weekend: Gift Nifty, Fed outlook, to global market cues for Sensex today
Sensex and Nifty, ended with healthy gains on Friday, boosted by all-around buying in light of broadly positive global cues ahead. “Domestic markets made significant gains, buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data. This robust economic outlook propelled key manufacturing sectors to lead the rally, while strong sales figures generated increased interest in auto stocks," said Vinod Nair, Head of Research at Geojit Financial Services.
Also Read: Week Ahead: PMI data, crude oil prices, global cues among key market triggers in this week Here are key global market cues for Sensex today: Asian markets traded mixed following hopes of an interest rate hike pause in the US and as investors look ahead to key economic data from China and Australia later in the week. The Reserve Bank of Australia will announce its interest rate decision on Tuesday, while China will release its trade balance for August on Thursday and inflation data next weekend. MSCI's broadest index of Asia-Pacific shares outside Japan inched up another 0.1%, having bounced 2.3% last week.
Japan’s Nikkei 225 rose 0.12% and the Topix added 0.16%. South Korea’s Kospi gained 0.21%, while the Kosdaq fell 0.18%. Hong Kong’s Hang Seng index futures were trading lower at 18,304, compared with the HSI’s close of 18,382.06 last Thursday.
Hong Kong’s markets were closed Friday. Australia’s S&P/ASX 200 gained 0.37%. Meanwhile, Gift Nifty was trading at 19,551.50 as against Nifty futures’ Friday close of 19,519.50, indicating a positive start for the Indian benchmark indices.
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