6 things that changed for market over weekend: Gift Nifty, Parliament session to global market cues for Sensex today
Indian stock market indices, Sensex and Nifty are likely to open lower on Monday following weak global cues. Asian markets traded lower, while the US stock markets ended in the red last week. Foreign capital outflows, elevated crude oil prices and inflation concerns may cast shadow over the market, while strong domestic macroeconomic data with lower CPI and wholesale inflation are likely to provide comfort.
The Indian equity benchmark indices ended at record high levels on Friday, with the Nifty ending near 20,200 level. “We expect the overall positive momentum to continue especially in the large cap while sectoral rotation is likely to be seen in the broader market. Next week, the US interest rate decision is due where the Fed is expected to take a pause, which might bring relief to the global markets," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Also Read: Week Ahead: US Fed Policy, crude oil prices, FII mood among key market triggers this week as Nifty stares at record-high Here are key domestic and global market cues for Sensex today: Asian markets traded lower on Monday following tech-led selloff on Wall Street on Friday and as investors watch out for a data-driven week with a slew of central bank meetings, including the US Federal Reserve and the Bank of Japan. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1% after gaining 1.2% last week. Japanese markets are shut for a holiday.
South Korea’s Kospi eased 0.32% and the Kosdaq fell 0.42%. Hong Kong’s Hang Seng index futures was trading lower at 18,067, compared to the HSI’s close of 18,182.89. Australia’s S&P/ASX 200 fell 0.13%.
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