Indian stock market: 6 key things that changed for market overnight - Gift Nifty, rise in US bond yields to oil prices

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Sensex fell 45.46 points, or 0.06%, to close at 73,466.39, while the Nifty 50 settled flat at 22,302.50. “Consistent selling by FIIs, a mixed set of Q4 results, and lower turnout in the election kept investors wary. We expect the market to consolidate in a broader range amid nervousness surrounding the ongoing Lok Sabha election," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Here are key global market cues for Sensex today: Asian markets traded mixed tracking similar moves overnight on Wall Street and as investors await key trade data from China. Japan’s Nikkei 225 rose 0.15% and the Topix gained 0.29%. South Korea’s Kospi fell 0.21%, while the Kosdaq declined 0.13%.

Hong Kong’s Hang Seng index futures indicated a weak opening. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 9 Gift Nifty was trading around 22,375 level, a discount of nearly 20 points from the Nifty futures’ previous close, indicating a tepid start for the Indian stock market indices. The US stock market ended mixed on Wednesday amid rise in Treasury yields, with the Dow Jones Industrial Average closing above 39,000 level for the first time in five weeks.

The Dow Jones Industrial Average gained 172.13 points, or 0.44%, to 39,056.39, while the S&P 500 eased 0.03 points to 5,187.67. The Nasdaq Composite ended 29.80 points, or 0.18%, lower at 16,302.76. Among stocks, Uber shares declined 5.7% after it posted a surprise quarterly loss and issued a downbeat forecast, while Tesla share price fell 1.7%.

Other megacap stocks such as Nvidia, Amazon and Alphabet slipped between 0.2% and 1.1%. Intel shares fell 2.2%, Tripadvisor stock price plunged 28.7%, while Lyft shares rallied 7.1%. US