Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US trade deficit to oil prices
Catch Live Market Updates here Investors will now focus on a key inflation report from the US later this week for cues on the timing of the Fed’s rate cut. On Tuesday, the Indian stock market indices, Sensex and Nifty 50, ended flat following mixed global cues as investors awaited key macroeconomic numbers and the December quarter earnings. The Sensex closed at 71,386.21, up 31 points, or 0.04%, while the Nifty 50 settled at 21,544.85, higher by 32 points, or 0.15%.
“We expect the market to consolidate in a broader range and take cues from the upcoming earning season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Day trading guide for stock market today: Six stocks to buy or sell on 10th January Here are key domestic and global market cues for Sensex today: Asian markets traded mostly lower Wednesday tracking overnight weakness on Wall Street, while Japanese stocks extended gains after hitting a 33-year high in the previous session. Japan’s Nikkei 225 rose 0.55% and the Topix gained 0.33%.
South Korea’s Kospi was marginally lower, while the Kosdaq plunged 0.76%. Hong Kong’s Hang Seng index futures indicated a weak opening. Gift Nifty was trading around 21,579 level as compared to Nifty futures’ previous close of 21,629, indicating a negative start for the Indian benchmark indices.
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