Indian stock market: 7 key things that changed for market overnight - Gift Nifty to a drop in US consumer confidence
Sensex gained 305.09 points, or 0.42%, to close at 73,095.22, while the Nifty 50 settled 76.30 points, or 0.34%, higher at 22,198.35. “Domestic equities are consolidating in a range with every dip being bought showing strength at lower levels. Overall, we expect the market to trade in range with positive bias.
Globally, investors would watch out for US and Europe Consumer Confidence Data," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — February 28 Here are key global market cues for Sensex today: Asian markets traded flat on Wednesday as investors awaited key US inflation and China data later this week. Japan’s Nikkei 225 and Topix were flat, while South Korea’s Kospi gained 0.1% and the Kosdaq rose 1.3%.
Hong Kong’s Hang Seng index futures indicated a higher opening. Gift Nifty was trading around 22,226 level, as compared with Nifty futures’ previous close of 22,196, indicating a positive start for the Indian stock market 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 near flat on Tuesday ahead of inflation and other economic data.
The Dow Jones Industrial Average fell 96.82 points, or 0.25%, to 38,972.41, while the S&P 500 rose 8.65 points, or 0.17%, to 5,078.18. The Nasdaq Composite ended 59.05 points, or 0.37%, higher at 16,035.30. Among stocks, UnitedHealth ended down 2.27%, while Viking Therapeutics shares jumped 121.02%.
Amgen shares dropped 2.75%. US consumer confidence retreated in February after three straight monthly increases. The Conference Board
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