6 things that changed for the stock market overnight - Gift Nifty to rally on Wall Street
BSE Sensex ended 115.81 points, or 0.17%, lower at 66,166.93, while the broader NSE Nifty 50 declined 19.30 points, or 0.10%, to settle at 19,731.75. “Overall we expect positive biasness to continue led by expectation of healthy demand during the festive season and robust earnings delivery from the majority of the corporates," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key domestic and global market cues for Sensex today: Asian markets traded higher on Tuesday tracking overnight gains on Wall Street.
Japan’s Nikkei 225 rallied 1.78%, while South Korea’s Kospi gained 0.87%. Hong Kong’s Hang Seng index futures was higher at 17,886, compared with the HSI’s close of 17,640.36. Australia’s S&P/ASX 200 added 1%.
Gift Nifty was trading around 19,815 level as against Nifty futures’ previous close of 19,733, indicating a positive start for the Indian benchmark indices. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 17 US stock market indices ended higher on Monday as investors look forward to third quarter earnings. The Dow Jones Industrial Average rallied 314.25 points, or 0.93%, to 33,984.54, while the S&P 500 jumped 45.85 points, or 1.06%, to 4,373.63.
The Nasdaq Composite ended 160.75 points, or 1.2%, higher at 13,567.98. Among stocks, Lululemon Athletica shares rose to their highest level in almost two years as the company was set to join the S&P 500 index this week. Lululemon shares ended 10.3% higher.
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