Indian stock market: 6 things that changed for market overnight - Gift Nifty, cooling oil prices to US jobless claims
Sensex ended 371.95 points, or 0.52%, higher at 72,410.38, while the Nifty 50 gained 123.95 points, or 0.57%, to close at 21,778.70, on December 28. “Markets have been gaining for five consecutive trading sessions on the back of optimism over expected growth next year. Global markets too were supportive as investors hoped for an early rate cut in 2024.
Also, FIIs have turned net buyers after being sellers for six consecutive days. Overall we expect positive momentum to continue and markets to end the year on a buoyant note," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Stocks to Watch: Tata Coffee, J B Chemicals, Hindustan Petroleum, Azad Engineering Here are key global market cues for Sensex today: Asian markets were mostly higher on the last trading day of 2023, led by gains in Chinese stocks.
Asian shares are on track for their best year since 2020 amid dovish US Federal Reserve bets. Japan’s Nikkei 225 fell 0.16%, while Topix gained 0.12%. South Korea’s Kospi rallied 1.60% and the Kosdaq gained 0.79%.
Hong Kong’s Hang Seng index futures pointed to a higher open. Australia’s S&P/ASX 200 index eased 0.37%. Gift Nifty was trading around 21,950 level as compared to Nifty futures’ previous close of 21,930, indicating a positive start for the Indian benchmark equity indices.
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The US stock market indices ended mixed on Thursday with the blue-chip Dow notching its second record-high closing level in a row. All three indexes remained on track for monthly, quarterly, and annual gains. The Dow Jones Industrial Average gained
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