Indian stock market: 10 key things that changed for market overnight - Gift Nifty, US inflation to India’s Q3 GDP data
Sensex gained 195.42 points, or 0.27%, to close at 72,500.30, while the Nifty 50 settled 31.65 points, or 0.14%, higher at 21,982.80. “Recent global economic data releases pushed investors back after a rally that was seen recently. Further, the US Fed’s preferred inflation gauge, personal consumption expenditures (PCE), holds key importance from an interest rate perspective.
Markets will also react to India’s Q3 GDP data. The auto sector is expected to be in focus as monthly sales numbers will be published over the weekend," 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 Friday tracking overnight rally on Wall Street and as investors awaited China manufacturing data.
Japan’s Nikkei 225 gained 0.72%, while the Topix index rose 0.50%. Hong Kong’s Hang Seng index futures indicated a lower opening. South Korea markets were shut for the Movement Day holiday.
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — March 1 Gift Nifty was trading around 22,197 level, a premium of more than 30 points from Nifty Futures Thursday close, indicating a mildly positive start for the Indian stock market indices. The US stock market indices rallied, with the S&P 500 and Nasdaq closing at record highs on Thursday led by tech stocks, after the release of inflation data. The Dow Jones Industrial Average gained 47.37 points, or 0.12%, to 38,996.39, while the S&P 500 rose 26.51 points, or 0.52%, to 5,096.27.
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