9 things that changed for the stock market overnight - Gift Nifty to dovish US Fed officials
US Federal Reserve will not raise interest rates further. On Tuesday, domestic frontline indices ended with gains as fag-end buying helped snap two-day losing run despite mixed global cues. The Sensex ended 204.16 points, or 0.31%, higher at 66,174.20, while the Nifty 50 gained 95.00 points, or 0.48%, to close at 19,889.70.
“The gradual return of FIIs in the month of November post the global sell-off during the three months of (Aug to Oct) is having a steady positivity in India. The market may await state exit polls for further cues, in the short-term," said Vinod Nair, Head of Research at Geojit Financial Services. Here are key global market cues for Sensex today: Asian markets traded mostly lower on Wednesday following mixed comments from the US Federal Reserve board members.
Japan’s Nikkei and Topix traded lower, while South Korea’s Kospi and Kosdaq also declined. Hong Kong’s Hang Seng index futures signaled a weak opening. Australia’s S&P/ASX 200 gained.
Also Read: Dividend stock: Milkfood shares to trade ex-dividend today Gift Nifty was trading around 20,025 levels as against Nifty futures’ previous close of 19,953, indicating a positive start for the Indian benchmark indices. US stock market indices ended marginally higher on Tuesday amid mixed remarks from Federal Reserve officials and upbeat consumer data. The Dow Jones Industrial Average rose 83.51 points, or 0.24%, to 35,416.98, while the S&P 500 gained 4.46 points, or 0.10%, to end at 4,554.89 points.
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