6 things that changed for the stock market overnight - Gift Nifty, fall in oil prices to Biden-Xi meet
Sensex jumped 742.06 points, or 1.14%, to end at 65,675.93, while the Nifty 50 settled 231.90 points, or 1.19%, higher at 19,675.45. “Rally was seen in global markets after weak US inflation data raised hopes that the interest rate-hiking cycle has reached its peak. Additionally, news of fresh stimulus in China and sharp fall in UK’s inflation boosted the sentiments.
We expect the market to maintain its momentum, driven by positive domestic data, cooling off US bond yields and dollar index," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 16 Here are key global market cues for Sensex today: Asian markets traded mixed on Thursday following overnight gains on Wall Street and as investors watched for discussions between US President Joe Biden and Chinese President Xi Jinping. Japan’s Nikkei 225 was flat, while the Topix rose 0.16%.
Hong Kong’s Hang Seng index futures were higher at 18,379 compared with the HSI’s close of 18,079. Australia’s S&P/ASX 200 fell 0.19%. Gift Nifty was trading around 19,753 level as against Nifty futures previous close of 19,723, indicating a positive start for the Indian benchmark indices.
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) US stock market indices extended rally to end higher on Wednesday as fresh inflation data reinforced investor hopes that the US Federal Reserve is done raising interest rates. The Dow Jones Industrial Average gained 163.51 points, or 0.47%, to 34,991.21, while the S&P 500 rose 7.18 points, or 0.16%, to 4,502.88. The Nasdaq Composite ended
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