Indian stock market: 10 things that changed for market over weekend - Gift Nifty, Exit Polls 2024, GDP to US inflation
Read here: Week Ahead: Exit polls, Lok Sabha election results, RBI Policy, auto sales, among key market triggers this weekOn Friday, the Indian stock market ended with minor gains, snapping the five-day losing streak, led by gains in key heavyweights.The Sensex gained 75.71 points, or 0.10%, to close at 73,961.31, while the Nifty 50 ended 42.05 points, or 0.19%, higher at 22,530.70.“Exit polls results which indicate a clear victory for the NDA with around 360 seats completely removes the so-called election jitters which have been weighing on markets in May. This comes as a shot in the arm for the bulls who will trigger a big rally in the market on Monday.
Largecaps in financials, capital goods, automobiles and telecom are likely to lead the rally," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.The bulls will be further emboldened by the better-than-expected 8.2% growth in GDP numbers. Vijayakumar believes technically and fundamentally the market is poised for a rally.Also Read: Indian stock market: How is market expected to open on Monday post exit polls, GDP data?Here are key domestic and global market cues for Sensex today:Asian markets traded higher on Monday following a rally on Wall Street and ahead of key economic data in the region.MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3%, having slid 2.5% last week.Japan’s Nikkei 225 surged 1.01%, while the Topix index rallied 1.02%.
South Korea’s Kospi gained 1.26%, and the Kosdaq rose 0.42%. Hong Kong’s Hang Seng index futures indicated a marginally higher opening.Gift Nifty was trading around 23,330 level, a premium of nearly 630 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian
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