Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US Fed to oil prices
Sensex fell 52.63 points, or 0.07%, to close at 73,953.31, while the Nifty 50 settled 27.05 points, or 0.12%, higher at 22,529.05. “Despite FIIs selling and India Vix at elevated levels, markets have stabilized and we expect a gradual up-move going forward. Key events to watch this week – UK inflation data, US Existing Home Sales number and FOMC meeting minutes," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 22 Here are key global market cues for Sensex today: Asian markets traded mixed on Wednesday as investors assessed Japan’s economic data. Japan’s Nikkei 225 fell 0.5%, while South Korea’s Kospi declined 0.35%. Hong Kong’s Hang Seng index stood at 19,212 pointing to a slightly weaker start compared with the HSI’s close of 19,220.62.
Gift Nifty was trading around the 22,620 level, a premium of nearly 20 points from the Nifty futures’ previous close, indicating a flat-to-positive start for the Indian stock market indices. Also Read: SEBI issues ‘unaffected price’ concept, other guidelines to help mitigate impact of market rumors on stock prices The US stock market ended higher on Tuesday, with the S&P 500 and Nasdaq closing at record levels. The Dow Jones Industrial Average gained 66.22 points, or 0.17%, to 39,872.99, while the S&P 500 rose 13.28 points, or 0.25%, to 5,321.41.
The Nasdaq Composite ended 37.75 points, or 0.22%, higher at 16,832.62. Among stocks, Nvidia share price rose 0.64%, AutoZone shares declined 3.53%, and Macy's share price jumped 5.13%. JPMorgan Chase stock price rallied 2.01%, while International Business Machines shares gained 2.09%.
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