8 things that changed for the stock market overnight - Gift Nifty, US inflation to MSCI index rejig
livemint.comUS Federal Reserve will not hike interest rates further. Indian markets were shut for a holiday on November 14. On Monday, the domestic benchmark equity indices ended half a percent lower amid mixed global cues.
The Sensex closed 325.58 points, or 0.50%, lower at 64,933.87, while the Nifty 50 declined 82.00 points, or 0.42%, to settle at 19,443.55. “Investors would react to inflation data. In this truncated trading week, we expect the market to consolidate in a broader range due to lack of major events and Q2 earning season coming to an end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Here are key domestic and global market cues for Sensex today: Asian markets traded higher on Wednesday following overnight rally on Wall Street after softer US inflation bolstered bets that hopes of the US Fed nearing the end of its interest rate-hiking cycle. Data showed Japan’s gross domestic product (GDP) fell 2.1% in Q3, while investors will monitor data from China later today. Japan’s Nikkei 225 rallied 1.58% and the Topix gained 1.24%.
South Korea’s Kospi rose 1.83%, while the Kosdaq rallied 2.15%. Hong Kong’s Hang Seng index futures were higher at 17,935 compared to the HSI’s close of 17,396.86 Australia’s S&P/ASX 200 surged 1.42%. Gift Nifty was trading around 19,734 level as against Nifty futures’ previous close of 19,488, indicating a gap-up opening for the Indian benchmark indices.
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