Indian stock market: 6 key things that changed for market overnight - S&P 500 at record to US consumer sentiment
Sensex jumped 496.37 points, or 0.70%, to end at 71,683.23, while the Nifty 50 settled 160.15 points, or 0.75%, higher at 21,622.40. “Next week the result season will pick up pace with a host of key large and mid-cap companies releasing their numbers. Overall we expect domestic equities to trade in a broader range with positive bias," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Investors will today track the Q3 results of key index heavyweights like ICICI Bank and Kotak Bank. Moreover, the market will also take cues from global factors including Bank of Japan and European Central Bank meetings and economic data from the US, China, and Japan. Trading in the Indian stock market will take place for a full session today, while markets will remain shut on Monday, January 22.
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 20 Here are key domestic and global market cues for Sensex today: S&P 500 at record high The US stock market indices ended higher with the S&P 500 posting a record high close on Friday for the first time in two years led by a rally in technology stocks. The S&P 500 jumped 1.23% to end at 4,839.81, while the Dow Jones Industrial Average rallied 1.05% to 37,863.80. The Nasdaq surged 1.70% to 15,310.97.
Optimism around artificial intelligence (AI) fueled a rally in chipmakers and other heavyweight technology stocks as Nvidia shares jumped 4.2% and Advanced Micro Devices soared 7% after server maker Super Micro Computer raised its second-quarter profit forecast, lifting its shares soaring 36%. Microsoft shares and Apple shares also gained over a percent each. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by
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