6 things that changed for the stock market overnight - Gift Nifty to US GDP data

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Sensex rallied 727.71 points, or 1.10%, to 66,901.91, while the Nifty 50 closed at 20,096.60 level, up 206.90 points or 1.04%. “We expect the market momentum to sustain over the next few days. However, several important events including India GDP, monthly F&O expiry, state election exit polls and OPEC+ meeting on Thursday could induce some volatility over the last 2 days.

Market will also react to US GDP data," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded lower following overnight weakness on Wall Street and amid key economic data releases in the region. Japan’s Nikkei 225 fell 0.25% and the Topix declined 0.14%.

South Korea’s Kospi dropped 0.29%, while Kosdaq was flat. Hong Kong’s Hang Seng index futures indicated a positive start. Gift Nifty was trading around 20,142 level, as compared to Nifty futures' previous close of 20,143, 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 updated with the latest financial insights! Click here!) US stocks ended mixed on Wednesday after a robust upward GDP revision eased recession fears, while Federal Reserve officials' remarks raised questions about the duration of the central bank's restrictive policy, Reuters reported. The Dow Jones Industrial Average rose 13.44 points, or 0.04%, to 35,430.42, while the S&P 500 fell 4.31 points, or 0.09%, to 4,550.58. The Nasdaq Composite ended 23.27 points, or 0.16%, lower at 14,258.49.