6 things that changed for the stock market overnight - Gift Nifty, US weekly jobless claims to Apple Q4 results
US Federal Reserve is done with interest rate hike cycle. Upbeat corporate earnings also boosted sentiment. The domestic equity indices rallied on Thursday amid positive global cues after the US Fed maintained a pause on interest rates.
The 30-share BSE Sensex ended 489.57 points, or 0.77%, higher at 64,080.90, while the broader NSE Nifty 50 rallied 144.10 points, or 0.76%, to close at 19,133.25. “Apart from positive global cues, healthy Q2FY24 earnings and rise in GST collection boosted the sentiments. With the key event now behind, we now expect the market to consolidate with a positive bias along with stock specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Also Read: Day trading guide for today: Four buy or sell stocks for Friday—November 3 Here are key global market cues for Sensex today: Asian markets traded higher on Friday following overnight rally on Wall Street and ahead of the release of key economic data in the region. Japanese markets are closed for a public holiday. South Korea’s Kospi gained 0.78%, while the Kosdaq rose 0.14%.
Hong Kong’s Hang Seng index futures stood higher at 17,455, compared with the HSI’s close of 17,230.59. Australia’s S&P/ASX 200 gained around 0.9%. Gift Nifty was trading around 19,354 level as against Nifty futures’ previous close of 19,249, indicating a positive start for the Indian indices.
US stock market indices rallied nearly 2% on Thursday amid a batch of upbeat quarterly financial results and hopes that the US Federal Reserve has reached the end of its interest rate hiking campaign. The Dow Jones Industrial Average jumped 564.5 points, or 1.7%, to 33,839.08, while the S&P 500 rallied 79.92 points, or 1.89%, to 4,317.78. The
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