6 things that changed for the stock market overnight - Gift Nifty, RBI Policy expectations to pause in US dollar rally
Nifty 50 closing above 19,500. The relief rally in the Indian markets was led by healthy PMI data and falling crude oil prices. “The positive signal from the PMI data and the correction in the crude price boosted the market sentiment.
Reduction in FIIs selling rebound sectors like bank and IT shares. While regarding RBI policy, positively, the market expects the interest rate to be hold-on as external demand outlook indicates muted trend fearing disinflationary trend in the future," said Vinod Nair, Head of Research at Geojit Financial Services. Here are key domestic and global market cues for Sensex today: Asian markets traded mixed on Friday following a muted trend in the US stocks overnight as investors look ahead to US jobs data later today.
Japan’s Nikkei 225 fell 0.14% and the Topix eased 0.09%. South Korea’s Kospi gained 0.53%, while the Kosdaq traded 0.98% higher. Hong Kong’s Hang Seng index futures were higher at 17,344 compared to the HSI’s close of 17,213.87.
Chinese markets are closed for the weeklong holiday. Australia’s S&P/ASX 200 was up 0.24%. Meanwhile, Gift Nifty was trading around 19,613 as against Nifty futures’ previous close of 19,565, indicating a positive 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 stock market indices ended slightly lower on Thursday ahead of the monthly jobs report due today that could set the tone for the US Federal Reserve’s next move for interest rates. The benchmark US Treasury yields eased from their 16-year highs hit earlier this week. The Dow Jones Industrial Average fell 9.98 points, or 0.03%, to 33,119.57, while the S&P
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