Indian stock market: 6 key things that changed for market overnight - Gift Nifty, upbeat US dollar, yields to weak yen
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 27On Wednesday, the Indian stock market benchmark indices ended at record closing highs, with the Nifty 50 crossing 23,850 for the first time ever, led by banks and heavyweights.The Sensex jumped 620.73 points, or 0.80%, to close at 78,674.25, while the Nifty 50 settled 147.50 points, or 0.62%, higher at 23,868.80.“Overall optimism surrounding the Union Budget, increasing FII inflows, and robust domestic economic data contributed towards the positive movement in the market. We expect the ongoing uptrend to continue further," said Siddhartha Khemka, Senior Group VP, Head - Research, Broking & Distribution, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Gift Nifty was trading around 23,800 level, a discount of nearly 70 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.Also Read: Stock market today: 5 stocks in F&O ban list on June 27Asian markets traded lower on Thursday as the Japanese yen weakened to a near 38-year low and ahead of economic data in the region.Japan’s Nikkei 225 fell 0.93% while the Topix declined 0.36%.
South Korea’s Kospi dropped 1% and the Kosdaq gained 0.24%. Hong Kong Hang Seng index futures indicated a lower opening.US stock market indexes closed with modest gains on Wednesday ahead of the release of an inflation report.The Dow Jones Industrial Average gained 16.10 points, or 0.04%, to 39,128.26, while the S&P 500 rose 8.61 points, or 0.16%, to 5,477.91.
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