Indian stock market: 7 key things that changed for market overnight - Gift Nifty, US Treasury yields to oil prices

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Sensex fell 58.80 points, or 0.08%, to close at 74,683.70, while the Nifty 50 index settled 23.55 points, or 0.1%, lower at 22,642.75. “We expect the uptrend to continue amid healthy Q4 business updates and strong macro data. With the start of the result season, stock-specific action is likely to continue in the market.

Agri and rural-related stocks are expected to be in focus after Skymet forecast a normal monsoon for India in 2024," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded mostly lower on Wednesday after the release of Japan’s corporate inflation data. Japan’s Nikkei 225 fell 0.18%, while the Topix declined 0.23%.

Hong Kong’s Hang Seng index futures indicated a stronger opening. South Korea’s markets are closed. Read here: Asia Stocks to Skew Higher Ahead of US Inflation: Markets Wrap Gift Nifty was trading around the 22,813 level, a premium of nearly 80 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.

The US stock market ended mixed on Tuesday, a day ahead of major inflation data, weighed down by financial stocks. The Dow Jones Industrial Average fell 9.13 points, or 0.02%, to 38,883.67, while the S&P 500 rose 7.52 points, or 0.14%, to 5,209.91. The Nasdaq Composite ended 52.68 points, or 0.32%, higher at 16,306.64.

Among stocks, Alphabet share price rose 1.1% to hit a fresh high with its market cap nearing the $2 trillion threshold. Moderna shares rallied 6.2%. Exchange operator Coinbase Global shares declined 5.5% and software company MicroStrategy shares fell 4.8%.