Indian stock market: 5 key things that changed for market over weekend - Gift Nifty, oil prices to FPI outflows
Sensex gained 167.06 points, or 0.23%, to close at 71,595.49, while the Nifty 50 ended 64.55 points, or 0.3%, higher at 21,782.50. Analysts expect cautiousness to prevail and the market to consolidate in the near term amid key macro data and the last leg of Q3 results. Also Read: Week Ahead: Inflation data, Q3 results, global cues among key market triggers this week “The equity market remained volatile during last week, responding to events like the US Fed Policy announcement, and the RBI policy in quick succession.
That it may be a while before the central banks would go in for a rate cut has not pleased many, though the expectation is that the central banks would ultimately relent, and that peak rates are behind us," said Joseph Thomas, Head of Research, Emkay Wealth Management. According to Thomas, while fundamentally the markets remain good, some amount of profit booking could result in further decline in the coming weeks. Here are key global market cues for Sensex today: Asian markets were mixed Monday amid muted trading as most markets remain shut for the week for Lunar New Year holidays.
Japan’s Nikkei 225 gained 0.1% at open, while the Topix fell 0.2%. Many major Asian markets are closed including China, Hong Kong, Malaysia, Singapore, South Korea and Taiwan. Gift Nifty was trading around 21,94 level, as compared with Nifty futures’ previous close of 21,849, indicating a gap-up start for the Indian stock market indices.
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