6 things that changed for the stock market overnight - Gift Nifty to hawkish US Federal Reserve
equity markets witnessed decent gains on Friday with both the benchmark indices ending around half a percent higher. The Nifty 50 ended the month of September with a gain of 2% while the Sensex rose 1.5%. Investors will now focus on the Reserve Bank of India’s (RBI) monetary policy outcome this week and the upcoming quarterly earnings.
Also Read: 'Valuations of smallcaps ahead of fundamentals; tough to predict RBI rate cut' “Volatility is expected to remain elevated in the short term, given the upside risk of domestic inflation on account of higher crude prices. Investors will closely monitor upcoming releases of domestic, US, and Chinese PMI data, among other indicators, as they are expected to shape future market trends," said Vinod Nair, Head of Research at Geojit Financial Services. Here are key domestic and global market cues for Sensex today: Asian markets traded lower on Tuesday following a mixed trend on Wall Street overnight, while US treasury yields and the dollar soared.
Japan’s Nikkei 225 fell 0.63% and the Topix declined 0.6%. Hong Kong’s Hang Seng index futures were lower at 17,768 compared to the HSI’s Friday close of 17,809.66. Australia’s S&P/ASX 200 dropped 1.1% ahead of the Reserve Bank of Australia’s meeting.
South Korean and Chinese markets are closed for holidays. Meanwhile, Gift Nifty was trading at 19,586 as against Nifty futures’ Friday close of 19,714, indicating a gap-down start for the Indian benchmark equity 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!) The US stock market indices ended mixed on Monday as hawkish signals from the US Federal Reserve officials weighed on
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