6 things that changed for the stock market overnight - Gift Nifty to US Fed policy outcome
US Federal Reserve kept interest rates unchanged. Hopes that the US central bank is done with rate hikes fueled optimism among investors. The domestic equity indices ended lower on Wednesday, extending their losses for the second consecutive session.
The BSE Sensex closed 283.60 points, or 0.44%, lower at 63,591.33, while the broader NSE Nifty declined 90.45 points, or 0.47%, to 18,989.15. “Markets on Thursday would react to the US Fed’s interest rate decision and economic data to be released during the day. The comments from Chair Jerome Powell will take the spotlight as it will provide insights into Fed’s next move.
Also, investors would watch out for BOE’s interest rate decision," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Day trading guide for today: Six buy or sell stocks for Thursday—November 2 Here are key domestic and global market cues for Sensex today: Asia markets traded higher on Thursday following overnight gains on Wall Street after the US Federal Reserve decided to leave its benchmark interest rates unchanged. Japan’s Nikkei 225 gained 1.22% and the Topix rose 0.95%.
South Korea’s Kospi rallied 1.62%, while the Kosdaq jumped 2.10%. Hong Kong’s Hang Seng index futures stood higher at 17,157 compared to the HSI’s close of 17,101.78. Australia’s S&P/ASX 200 rose 1.17%.
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