Indian stock market: 10 key things that changed for market overnight - Gift Nifty, S&P 500’s record close to oil prices
RECord closing high ahead of key economic data. Investors will watch out for the US Personal Consumption Expenditures Price Index (PCE), the US Federal Reserve’s preferred inflation gauge, due on Good Friday, when the stock markets will remain closed. On Wednesday, the Indian stock market indices ended with decent gains led by a rally in index heavyweights, with the benchmark Nifty 50 closing above the 22,100 level.
The Sensex rallied 526.01 points, or 0.73%, to end at 72,996.31, while the Nifty 50 settled 118.95 points, or 0.54%, higher at 22,123.65. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — March 28 “Stock-specific actions and positive undercurrents due to a healthy economic growth forecast led the market towards a positive closure. However, due to the holiday-led truncated week, investors are now focusing on US GDP data and next week’s RBI policy announcement to gauge market direction," said Vinod Nair, Head of Research, Geojit Financial Services.
The mid- and small-cap space are outperforming as investors got bargaining opportunities, but volumes are low, Nair noted. Here are key domestic and global market cues for Sensex today: Asian markets traded lower on Thursday, while the Australian stocks hit a record high. Japan’s Nikkei 225 declined 0.98%, while the Topix plunged 1.08%.
South Korea’s Kospi fell 0.19%, while Hong Kong’s Hang Seng index futures indicated a lower opening. Gift Nifty was trading around the 22,173 level, a premium of nearly 6 points from the Nifty futures’ previous close, indicating a flat start for the Indian stock market indices. Also Read: Day trading guide for today: Seven stocks to buy or sell on Thursday — March 28 US stock market indices ended higher on
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