Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Tesla Q1 results to US PMI data
Sensex gained 89.83 points, or 0.12%, to close at 73,738.45, while the Nifty 50 settled 31.60 points, or 0.14%, higher at 22,368.00. “The domestic market exhibited range-bound performance, tracking positive global cues with sustained outperformance of the broader market. While tensions between Iran and Israel were perceived to have limited escalation, the uptick in crude prices suggests investors’ reassessing the risks.
With higher levels of dollar index and US bond yields, FIIs are expected to continue with outflows, but inflows from DIIs are supporting the recovery," said Vinod Nair, Head of Research, Geojit Financial Services. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 24 Here are key domestic and global market cues for Sensex today: Asian markets traded higher on Wednesday following overnight rally on Wall Street. Japan’s Nikkei 225 surged 1.27%, while the Topix gained 0.71%.
South Korea’s Kospi rallied 1.85% and the Kosdaq gained 1.25%. Hong Kong’s Hang Seng index futures indicated a stronger opening. Gift Nifty was trading around the 22,450 level, a premium of nearly 80 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
The US stock market ended higher on Tuesday following positive earnings from top-tier companies. The Dow Jones Industrial Average rallied 263.71 points, or 0.69%, to 38,503.69, while the S&P 500 gained 59.95 points, or 1.20%, to 5,070.55. The Nasdaq Composite ended 245.34 points, or 1.59%, higher at 15,696.64.
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