Indian stock market: 6 key things that changed for market overnight - Gift Nifty, oil prices to China’s lending rates
earnings for the December quarter. Markets will also be influenced by the interest rate decisions of the BoJ and European Central Bank (ECB), along with US GDP data. On January 20, the domestic equity markets ended the special trading session of Saturday lower dragged by selling in index heavyweights as investors reacted to Q3 results.
The Sensex declined 259.58 points, or 0.36%, to end at 71,423.65, while the Nifty 50 closed 50.60 points, or 0.23%, lower at 21,571.80. This is a holiday truncated week as markets were closed on Monday on account of pran pratishtha of Ram temple in Ayodhya, and will remain closed on Friday for the Republic day holiday. Also Read: Stocks to Watch: ICICI Bank, Cipla, ZEE, Axis Bank, Coforge “Traders should stay light as earnings season would get in full swing leading to stock specific action largely.
Moreover, the interest rate decision of BoJ and ECB is due this week along with US GDP and PMI data which would have an influence on the global rate cut trajectory," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded mostly higher tracking overnight gains on Wall Street and ahead of the Bank of Japan’s monetary policy outcome. Japan’s Nikkei 225 index gained 0.66% to hit a fresh 33-year peak, while Topix rose 0.72%.
South Korea’s Kospi was 0.3% higher, while Kosdaq eased 0.2%. Hong Kong’s Hang Seng index futures indicated a higher opening. Gift Nifty was trading around 21,744 level, as compared with Nifty futures’ previous close of 21,620, indicating a gap-up start for the Indian stock market indices.
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