6 things that changed for the stock market overnight - Gift Nifty, fall in US job openings to Mastercard buyback
Global market setup remains positive as Asian markets traded higher while the US shares ended mixed overnight. The equity benchmark indices on Tuesday ended at their record closing highs as market sentiment remained upbeat following strong macro numbers and BJP's victory in the three large states. The Sensex jumped 431.02 points, or 0.63%, to end at 69,296.14, while the Nifty 50 settled 168.30 points, or 0.81%, higher at 20,855.10.
“The global and domestic markets made a smart comeback as investors remained convinced that the rate-hike cycle has ended. This coupled with strong institution flows and economic data added to the positivity. FIIs have remained net buyers to the tune of ₹17,133 crore in the last eight trading sessions.
Going forward, Investors will take cues from US Service PMI and Jolt Jobs data," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 6th December Here are key global market cues for Sensex today: Asian markets traded higher as US Treasury yields dropped after the slowdown in the labor market increased expectations that the US Federal Reserve will be able to cut interest rates next year. Japan’s Nikkei 225 rose 0.86%, while the Topix gained 0.7%.
South Korea’s Kospi advanced 0.18% and the Kosdaq was up 0.43%. Hong Kong’s Hang Seng index futures pointed to a stronger open. Australia’s S&P/ASX 200 rallied 0.73%.
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