9 things that changed for the Indian stock market over the weekend - Gift Nifty to Shein US IPO
BSE Sensex ended lower by 47.77 points or 0.07% at 65,970.04 level while the Nifty 50 closed at 19,794.70 level, down 7.30 points or 0.04%. According to technical analysts, the key indices experienced a sluggish week, with minimal momentum and prices maintaining a narrow trading range. Despite the lack of significant movements, the Nifty 50 managed to extend its weekly winning streak, securing a 0.34% gain and closing just below the 19,800 mark.
Let's look at how the set up of global cues is looking like for the Indian stock market today: Asian stock markets opened mixed this morning. Australian shares opened higher, while equity futures signal small gains for Japan’s benchmark index and a weaker open for Hong Kong. GIFT Nifty was trading higher by 6 points, or 0.03%, at 19,862.5 early morning on Tuesday, signaling a flat start for the Indian stock market.
The US stock market indices struggled in the wake of a rally that put the S&P 500 near “overbought" levels. S&P 500 closed with a 0.20% loss at 4,550.43, meanwhile Nasdaq was also marginally lower at close. Inflation in UK dropped to a 17-month low, the data showed.
The British Retail Consortium said Tuesday that inflation fell 0.9 percentage points in November to 4.3%, the lowest level since June 2022. It’s the sixth-straight month that the trade association has recorded declines, reported Bloomberg. The benchmark US 10-year yields fell 9 bps to 4.38% on November 27 on hopes that the US Fed will not hike rates any further.
Read more on livemint.com
