6 things that changed for the stock market overnight - Gift Nifty to hawkish Fed Chair Jerome Powell
global markets after hawkish comments from the US Federal Reserve Chairman Jerome Powell. Asian markets traded lower, while the US stocks ended in the red overnight as treasury yields rose after the Fed Chair signaled that the central bank may need more interest rate hike to bring down inflation. On Thursday, the domestic equity benchmark indices ended lower amid mixed global cues.
The BSE Sensex fell 143.41 points, or 0.22%, to close at 64,832.20, while the NSE Nifty 50 ended 48.20 points, or 0.25%, lower at 19,395.30. “Nifty 40 after the upmove last week, is in consolidation mode. It has been unable to cross the 19,450-19,500 levels for the last 4 trading sessions.
Overall we expect the ongoing recovery to continue and any dips can be used as a buying opportunity," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key domestic and global market cues for Sensex today: Asian markets traded lower on Friday tracking overnight losses in the US stocks. Japan’s Nikkei 225 declined 0.76% and the Topix fell 0.49%.
South Korea’s Kospi dropped 0.83%, while the Kosdaq plunged 1.13%. Hong Kong’s Hang Seng index futures was slightly higher at 17,546 compared with the HSI’s close of 17,511.29. Also Read: Dividend stocks: Dabur, Indian Oil, IRFC, 16 other shares to trade ex-dividend today Australia’s S&P/ASX 200 traded 0.49% lower.
Gift Nifty was trading around 19,386 level as against Nifty futures’ previous close of 19,476, indicating a gap-down opening for the Indian benchmark indices. The US stock market ended lower Thursday amid a rise in Treasury yields and hawkish comments from US Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average declined 220.33 points, or 0.65%,
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