6 things that changed for the stock market over weekend - Gift Nifty to rally in Asian shares
global market cues including US bond yields, crude oil prices, and performance in US markets. On Friday, the domestic equity benchmark indices ended lower. The Sensex ended 187.75 points, or 0.28%, lower at 65,794.73 while the Nifty 50 declined 33.40 points, or 0.17%, to settle at 19,731.80.
However, for the week, the markets extended their bullish tone for the third successive week and gained over a percent. Also Read: Week Ahead: Macro data, IPO action, FII activity, global cues among key market triggers this week “Softer-than-expected inflation figures in the US, UK, and at home bolstered investor optimism, fueling hopes for an end to the interest rate cycle. The market is anticipated to maintain its positive momentum in the short term, supported by declining oil prices and moderating US yields," said Vinod Nair, Head of Research at Geojit Financial Services.
Here are key global market cues for Sensex today: Asia markets traded higher on Monday with Japanese shares hitting three-decade highs amid strong earnings and offshore demand. Investors awaited a decision on China’s benchmark lending rates. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1%, having climbed 2.8% last week to a two-month high.
Japan’s Nikkei 225 rose 0.12% and the Topix gained 0.15%. South Korea’s Kospi added 0.13%, while the Kosdaq was up 0.35%. Hong Kong’s Hang Seng index futures were higher at 17,728, compared to the HSI’s close of 17,454.19.
Australia’s S&P/ASX 200 rose 0.18%. Gift Nifty was trading around 19,805 level as against Nifty futures’ previous close of 19,803, indicating a flat start for the Indian benchmark indices. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay
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