Indian stock market: 10 key things that changed for market overnight - Gift Nifty, US inflation to weak dollar
Sensex declined 117.58 points, or 0.16%, to close at 72,987.03, while the Nifty 50 settled 17.30 points, or 0.08%, lower at 22,200.55. “Relentless FIIs selling and India Vix at elevated levels put pressure on the market. We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," 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 Thursday following record close in Wall Street indices overnight and as investors assessed Japan GDP data. Japan’s Nikkei 225 gained 0.9%, while the Topix rose 0.54%. South Korea’s Kospi rallied 1.49% and the Kosdaq jumped 1.3%.
Hong Kong’s Hang Seng index futures indicated a muted opening. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 16 Gift Nifty was trading around 22,385 level, a premium of nearly 100 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices. The US stock market ended higher with all three major indexes notching record closes on Wednesday after slower growth in inflation.
The Dow Jones Industrial Average rallied 349.89 points, or 0.88%, to 39,908.00 while the S&P 500 surged 61.47 points, or 1.17%, at 5,308.15. The Nasdaq Composite ended 231.21 points, or 1.40%, higher at 16,742.39, its second record close in as many days. Among stocks, Nvidia shares rose 3.6%, Microsoft share price gained 1.7% and Apple stock price rallied 1.2%.
Super Micro Computer Inc shares jumped 15.8%. GameStop shares plunged 18.9%, AMC Entertainment shares declined 20% and Koss Corp share price tanked 19.2%. Read here: US
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