Indian stock market: 10 key things that changed for market over weekend - Gift Nifty, US factory output to oil prices
Read here: Week Ahead: US Fed Policy, FPI inflows, crude oil prices, global cues among key market triggers this week Meanwhile, escalating global geopolitical risks can weigh on market sentiment after Ukraine attacked Russian oil refineries over the weekend, with drone strikes hitting multiple plants, some of them deep within the country’s territory. On Friday, the Indian stock market indices closed with significant losses as investors resorted to profit-taking as sentiment remained cautious amid persistent concerns over stretched valuations and froth in certain segments of the market. The Sensex slipped 453.85 points, or 0.62%, to close at 72,643.43, while the Nifty 50 ended 123.30 points, or 0.56%, lower at 22,023.35.
“US Fed policy outcome and commentary will be important as mixed set macro data has kept investors anxious over the rate cut timeline. Thus, we expect the market to remain volatile in the near term with a focus on large caps and defensive names," 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 Monday ahead of the release of key economic data from China, a slew of central bank meetings this week.
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1%, after dipping 0.7% last week. Japan’s Nikkei 225 rallied 1.34% and the Topix jumped 1.21%. South Korea’s Kospi traded flat, while Kosdaq rose 0.9%.
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