Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US Treasury yields to oil prices
Sensex declined 456.10 points, or 0.62%, to close at 72,943.68, while the Nifty 50 dropped 124.60 points, or 0.56%, to settle at 22,147.90. The Indian stock market was closed on Wednesday on account of Ram Navami. “Investors are fearing that the ongoing conflict could fuel buoyancy in crude oil prices and in turn weigh on inflation.
It seems bear machete is likely to rule the roost in Thursday’s session as well, with downside risk to benchmark Nifty still seen till the psychological 22,000 mark," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 18 Here are key global market cues for Sensex today: Asian markets traded mixed following overnight losses on Wall Street. Japan’s Nikkei 225 declined 0.82%, while the Topix fell 0.38%.
South Korea’s Kospi rallied 1.04% and the Kosdaq jumped 1.16%. Hong Kong’s Hang Seng index futures indicated a weaker opening. Gift Nifty was trading around the 22,149 level, a discount of nearly 50 points from the Nifty futures’ Tuesday’s close, indicating a negative start for the Indian stock market indices.
The US stock market ended lower on Wednesday as investors assessed the Federal Reserve’s interest rate stance and a batch of soft corporate earnings. The Dow Jones Industrial Average declined 45.66 points, or 0.12%, to 37,753.31, while the S&P 500 dropped 29.20 points, or 0.58%, to 5,022.21. The Nasdaq Composite ended 181.88 points, or 1.15%, lower at 15,683.37.
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