6 things that changed for market overnight: Gift Nifty, oil price rally to global market cues for Sensex today
Indian stock market is expected to open on a cautious note Wednesday amid mixed global cues. While Asian markets traded mixed, US stock indices ended lower overnight as a rally in crude oil prices stoked inflation worries. Investors remained cautious as crude oil prices surged to 10-month high levels after Saudi Arabia and Russia announced to extend their voluntary oil production cut through the end of the year.
The Indian equity benchmark indices Sensex and Nifty ended higher for the third consecutive session on Tuesday amid positive domestic macroeconomic data. “Going ahead, the market would continue trading in a broader range with positive bias as a resilient domestic economy provides strength, amidst uncertain global cues," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Also Read: Day trading guide for today: Six buy or sell stocks for Wednesday —September 6 Here are key global market cues for Sensex today: Asian markets traded mixed on Wednesday following overnight decline on Wall Street as investors remained cautious on surging crude oil prices.
Japan’s Nikkei 225 rose 0.32% and the Topix gained 0.41%. South Korea’s Kospi fell 0.18%, while the Kosdaq rose 0.12%. Hong Kong’s Hang Seng index futures were trading lower at 18,439, compared with the HSI’s close of 18,456.91.
Australia’s S&P/ASX 200 was flat ahead of the country’s Q2 GDP data. Meanwhile, Gift Nifty was trading at 19,671 as against Nifty futures’ previous close of 19,650, indicating a positive start for the Indian benchmark indices. Also Read: Buy or sell: Vaishali Parekh recommends buying these 3 stocks today - 6 September The US stock market declined on Tuesday as all the three indices on Wall Street ended lower,
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