7 things that changed for the stock market overnight - Gift Nifty to drop in US Treasury yields and oil prices
US Federal Reserve officials and softer labor data led to growing expectations the central bank had reached the end of its rate-hike cycle. On Wednesday, the domestic equity markets closed with nominal gains amid mixed global cues. The Sensex ended 33.21 points, or 0.05%, higher at 64,975.61, while the Nifty 50 gained 36.80 points, or 0.19%, to settle at 19,443.50.
“After witnessing recovery in the last week, the market is now in a consolidation mode and we expect slow and steady upmove till the festivity," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 9 Here are key global market cues for Sensex today: Asian markets traded higher on Thursday following minor overnight gains on Wall Street and ahead of the inflation data from China. Japan’s Nikkei 225 gained 0.28% and the Topix traded flat.
South Korea’s Kospi rose 0.07%, while the Kosdaq fell 0.21%. Hong Kong’s Hang Seng index futures were higher at 17,700 compared to its last close of 17,568.46. Australia’s S&P/ASX 200 gained 0.45%.
Gift Nifty was trading around 19,508 level as against Nifty futures’ previous close of 19,488, indicating a 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!) US stock market indices ended mixed on Wednesday as investors weighed Federal Reserve officials’ recent comments for signals on interest rate trajectory and focused on the direction of Treasury yields. The Dow Jones Industrial Average declined 40.33 points, or 0.12%, to 34,112.27, snapping a seven-session winning
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