6 things that changed for market overnight: Gift Nifty, US Fed meet to global market cues for Sensex today
Indian stock market indices, Sensex and Nifty are expected to open lower on Wednesday tracking weakness in global peers. Asian markets traded lower, while the US stock market indices ended in the red overnight. Indian markets were shut for a holiday on Tuesday.
The domestic benchmark equity indices ended lower on Monday amid weak global cues, ahead of key central bank meetings while concerns over global economic growth persisted. “This week markets would take cues from their global peers as several central banks including the US Fed would hold policy meetings. Market is showing strength and is sustaining above 20,000 levels.
Overall, we expect the market to gradually inch upwards with minor profit booking at intervals," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Here are key domestic and global market cues for Sensex today: Asian markets traded lower following overnight fall on Wall Street and as investors await the US Federal Reserve’s interest rate decision. China kept its benchmark loan rates unchanged for September.
Japan’s Nikkei 225 fell 0.2 % and the Topix declined 0.3% after Japan’s trade deficit narrowed by two-thirds on a year-on-year basis in August. Australia’s S&P/ASX 200 lost 0.11%, South Korea’s Kospi was flat, while the Kosdaq index fell 0.3%. Hong Kong’s Hang Seng index futures were trading lower at 17,980, compared to the HSI’s last close of 17,997.17.
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