Indian stock market: 7 key things that changed for market overnight - Gift Nifty, US tech stocks rally to oil prices
Sensex gained 104.99 points, or 0.14%, to close at 72,748.42, while the Nifty 50 settled 32.35 points, or 0.15%, higher at 22,055.70. “We expect the markets to consolidate over the next few days while the broader market may continue to remain subdued," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — March 19 Here are key global market cues for Sensex today: Asian markets traded lower on Tuesday ahead of the monetary policy decision from the Bank of Japan which is expected to end its negative interest rate policy after 17 years.
Japan’s Nikkei 225 fell 0.5% at open and the Topix was flat. South Korea’s Kospi declined 0.8%, while the Kosdaq eased 0.4%. Hong Kong’s Hang Seng index futures indicated a weak opening.
Gift Nifty was trading around the 22,060 level, a discount of over 70 points from the Nifty futures’ previous close, indicating a gap-down start for the Indian stock market indices. Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on March 19 US stock market indices ended higher on Monday led by megacap growth stocks while investors awaited the US Federal Reserve’s policy meeting this week. The Dow Jones Industrial Average gained 75.66 points, or 0.20%, to 38,790.43, while the S&P 500 rose 32.33 points, or 0.63%, to 5,149.42.
The Nasdaq Composite ended 130.27 points, or 0.82%, higher at 16,103.45. Among stocks, Tesla shares rallied 6.3% and Nvidia share price gained 0.7%. US-listed shares of Xpeng rallied 1.9%, while Boeing stock price ended 1.5% lower and Super Micro Computer shares declined 6.4%.
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