Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US stocks, to rise in Treasury yields
Sensex declined 667.55 points, or 0.89%, to close at 74,502.90, while the Nifty 50 settled 183.45 points, or 0.8%, lower at 22,704.70.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 30“Though FII selling intensity has reduced, the caution is increasing as we near the big event outcome which is resulting in profit booking. The volatility is expected to be heightened in coming sessions, thus it is advisable to traders to stay on the sidelines and not get too aggressive.
The weak global cues are further adding to the nervousness and thus markets are likely to remain weak in near future," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded lower on Thursday tracking overnight losses on Wall Street and ahead of key economic data from the region. Japan’s Nikkei 225 plunged over 2%, while the Topix declined 1.4%.
South Korea’s Kospi dropped 1%, and the Kosdaq fell 0.6%. Hong Kong’s Hang Seng index futures indicated a weaker opening.Also Read: European Stocks Slip as German Data Lifts Bond Yields FurtherGift Nifty was trading around 22,660 level, a discount of nearly 70 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.The US stock market ended lower on Wednesday with the Dow Jones falling more than 1% and hitting its lowest level in nearly a month.The S&P 500 fell 39.09 points, or 0.74%, to 5,266.95 while the Nasdaq Composite closed 99.30 points, or 0.58%, lower at 16,920.58.
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