Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Powell’s speech to US private payrolls
Sensex fell 27.09 points, or 0.04%, to close at 73,876.82, while the Nifty 50 settled 18.65 points, or 0.08%, lower at 22,434.65. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 4 “Markets are trading with caution ahead of the RBI policy meeting and key macro data to be released in the US and Europe. We expect the market to consolidate over the next few days until the events unfold," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Here are key global market cues for Sensex today: Asian markets traded higher following overnight gains on Wall Street after Fed Chair Jerome Powell reaffirmed his view of likely rate cuts this year. Japan’s Nikkei 225 rallied 1.34% to trade near 40,000, while Topix gained 1.05%. South Korea’s Kospi rose 1.22%.
Markets in Hong Kong, mainland China and Taiwan are shut for a public holiday. Read here: Asian Equities Rise as Powell Reaffirms Rate Cuts: Markets Wrap Gift Nifty was trading around the 22,594 level, a premium of nearly 52 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices. The US stock market indices ended mixed on Wednesday amid gains in energy, materials and communication services stocks.
The Dow Jones Industrial Average fell 43.1 points, or 0.11%, to 39,127.14, while the S&P 500 gained 5.68 points, or 0.11%, to 5,211.49. The Nasdaq Composite closed 37.01 points, or 0.23%, higher at 16,277.46. Among stocks, Ulta Beauty shares plunged 15.3%, while Intel shares declined 8.2%.
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