Indian stock market: 6 things that changed for market overnight - Gift Nifty, drop in oil prices to rally in gold rate
Catch Live Market Updates here Strong domestic macro data, easing oil prices and supportive global market cues helped Indian stock market indices scale record high in the previous session. On Wednesday, the Indian equity market ended higher for the fourth consecutive session led by across-the-board buying, reflecting investors’ high-risk appetite. The Sensex ended 701.63 points, or 0.98%, higher at 72,038.43, while the Nifty 50 gained 213.40 points, or 1%, to settle at 21,654.75.
Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on December 28 “Healthy macro data and rally in global markets helped the Nifty to make new highs even in the holiday season. While the derivatives monthly expiry on Thursday may infuse some volatility, the undertone remains bullish with the market making steady gains in the last few weeks," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded mixed as Japan’s Nikkei 225 declined 0.69% and the Topix index fell 0.45%.
South Korea’s Kospi gained 0.18%, while Kosdaq eased 0.19%. Hong Kong’s Hang Seng index futures pointed to a higher open. Gift Nifty was trading around 21,751 level as compared to Nifty futures’ previous close of 21,690, indicating a positive start for the Indian benchmark equity indices.
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