6 things that changed for the stock market overnight - Gift Nifty, US jobless claims to drop in crude oil prices
US Federal Reserve will not hike interest rates further and pivot to a rate cut in early 2024, seems to be waning. Moreover, with the conclusion of the earning season, domestic investors will now shift the focus to global as well as domestic cues. The Indian benchmark indices ended higher for the second consecutive session on Thursday amid mixed global cues.
The Sensex surged by 306.55 points, or 0.47%, to close at 65,982.48, while the Nifty 50 ended 89.75 points, or 0.46%, higher at 19,765.20. “We expect positive momentum to continue in the market with sectoral rotation given the healthy macro data and receding global concerns. On economic data points, investors will look for Europe inflation data," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Here are key domestic and global market cues for Sensex today: Asian markets traded lower on Friday following a weak trend on Wall Street overnight as the mid-week rally lost steam. Japan’s Nikkei 225 fell 0.21% and the Topix eased 0.11%. South Korea’s Kospi dropped 0.55%, while the Kosdaq dipped 0.71%.
Hong Kong’s Hang Seng index futures traded lower at 17,654, compared to the HSI’s close of 17,832.82. Gift Nifty was trading around 19,812 level as against Nifty futures’ previous close of 19,835, indicating a negative start for the Indian benchmark indices. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 17 US stock market indices ended mixed on Thursday with the S&P 500 and the Nasdaq seeing tiny gains while the Dow Industrial Average ending slightly lower pressurized by tech and retail bellwethers.
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