6 things that changed for market overnight: Gift Nifty, Treasury yields, Arm IPO to global market cues for Sensex today
Indian stock market is expected to open on a flat note on Tuesday following gains in Asian peers amid mixed global cues. The Asian markets traded mostly higher, while the US stocks ended mixed overnight, even as the treasury yields soared to 15-year high levels. On Monday, domestic equity indices, Sensex and Nifty ended with decent gains, snapping a two day losing streak.
Investors will keep an eye on US Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium due later in the week and release of RBI meeting minutes. “In the near term, we expect the market to trade in a broader range with buying seen at lower levels. Stock specific action is likely to dominate," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Here are key global cues for the Indian stock market today: Asian markets traded mostly higher on Tuesday following overnight gains on Wall Street fuelled by technology stocks. Japan’s Nikkei 225 gained 0.86% and the Topix rose 0.72%. South Korea’s Kospi jumped 0.88%, and the Kosdaq rallied 0.84%.
Hong Kong’s Hang Seng index futures traded higher at 17,680 as compared to the HSI’s close of 17,623.29. In Australia, the S&P/ASX 200 lost 0.19%. Gift Nifty was trading at 19,390 as against Nifty futures’ previous close of 19,399, indicating a flat to negative start for the Indian benchmark indices.
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 22nd August US markets ended mixed Nasdaq gaining more than 1% led by rally in technology stocks, despite rise in treasury yields. The S&P 500 gained 30.06 points, or 0.69%, to 4,399.77 and the Nasdaq Composite rallied 206.81 points, or 1.56%, to 13,497.59. The Dow Jones Industrial Average fell
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