6 things that changed for the stock market over the weekend - Gift Nifty to falling US consumer sentiment
Sensex fell 125.65 points, or 0.19%, to close at 66,282.74, while the Nifty 50 ended 42.95 points, or 0.22%, lower at 19,751.05. “The steady retail inflation in the US, the probability of further rate hikes in the US still remaining active, and the ongoing geo- political tensions, are factors that may dampen the market sentiment in the coming weeks too. But the reality of a strong domestic economy supports equities, and therefore, in any corrective downward movements it affords a significant amount of protection," said Joseph Thomas, Head of Research, Emkay Wealth Management.
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 16 Here are key domestic and global market cues for Sensex today: Asian markets traded lower on Monday as investors await key economic data from China and Japan. Japan’s Nikkei 225 declined 1.69% and the Topix fell 1.26%. South Korea’s Kospi index dropped 0.14%.
Hong Kong’s Hang Seng index futures traded lower at 17,751, compared with the HSI’s close of 17,813.45. Australia’s S&P/ASX 200 was down 0.24%. Gift Nifty was trading around 19,727 as against Nifty futures’ previous close of 19,734, indicating a flat-to-negative start for the Indian benchmark indices.
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