Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US treasury yields to oil prices
Sensex surged 494.28 points, or 0.67%, to end at 74,742.50, while the Nifty 50 settled 152.60 points, or 0.68%, higher at 22,666.30. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 9 “After a stellar FY24, Indian equity markets continue to march higher into new territory. Hopes of a favourable outcome from the ensuing general elections and the subsequent policy thrust are keeping sentiments upbeat.
The announcements of encouraging monthly/yearly data and some operational / order announcements by companies are attracting stock-specific buying. The broader market is slow in catching up and investors will do well to be cautious in entering small/midcaps without adequate due diligence," said Dhiraj Relli, MD & CEO at HDFC Securities. Here are key global market cues for Sensex today: Asian markets traded higher on Tuesday.
Japan’s Nikkei 225 rose 0.67%, while the Topix gained 0.63%. South Korea’s Kospi added 0.61% and the Kosdaq rose 0.59%. Hong Kong’s Hang Seng index futures indicated a weaker opening.
Also Read: Stocks in Asia to Rise; Bond Yields Hit 2024 High: Markets Wrap Gift Nifty was trading around the 22,845 level, a premium of around 95 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices. US stock market indices ended Monday’s choppy session flat ahead of the crucial inflation data later this week. The Dow Jones Industrial Average eased 11.24 points, or 0.03%, to 38,892.80, while the S&P 500 fell 1.95 points, or 0.04%, to 5,202.39.
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