6 things that changed for the stock market overnight - Gift Nifty to selloff in US tech stocks
Sensex closed 522.82 points, or 0.81%, lower at 64,049.06, while the Nifty 50 ended at 19,122.15, down 159.60 points, or 0.83%. “We expect Indian markets to remain volatile on the back of concerns over higher interest rates, ongoing Israel-Hamas war and mixed Q2 results. On the global front, investors will take cues from ECB interest rate decision on Thursday," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Here are key global market cues for Sensex today: Asian markets traded lower tracking overnight losses in the US stocks. Japan’s Nikkei 225 fell 1.30%. South Korea’s Kospi index declined 1.51%, while the Kosdaq index dropped 2.3%.
Hong Kong’s Hang Seng index futures stood at 17,158, compared to the HSI’s close of 17,085.33. Australia’s S&P/ASX 200 eased 0.4%. Gift Nifty was trading around 19,045 level as against Nifty futures’ previous close of 19,130, indicating a lower opening for the Indian benchmark indices.
Also Read: Buy or sell: Vaishali Parekh recommends three intraday trading stocks for today — October 26 US stocks ended lower amid a broad sell-off on Wednesday dragged by rising Treasury yields and disappointing set of corporate earnings. The Dow Jones Industrial Average fell 105.45 points, or 0.32%, to 33,035.93, while the S&P 500 declined 60.91 points, or 1.43%, to 4,186.77. The Nasdaq Composite ended 318.65 points, or 2.43%, lower at 12,821.22, registering its biggest single-session percentage drop since February 21.
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