Indian stock market: 7 key things that changed for market overnight - Gift Nifty, fall in Meta shares to Treasury yields
Sensex gained 114.49 points, or 0.16%, to close at 73,852.94, while the Nifty 50 settled 34.40 points, or 0.15%, higher at 22,402.40. “We expect this bullish momentum to continue in the markets. Further, a sharp decline in India’s VIX amid the start of elections indicates lower market volatility in the near term.
Niche sectors would continue to remain in momentum," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 25 Here are key domestic and global market cues for Sensex today: Asian markets traded lower on Thursday tracking overnight movement on Wall Street ahead of key economic data releases. The Bank of Japan monetary policy meeting begins today amid weakness in yen.
Japan’s Nikkei 225 declined 1.2%, while the Topix fell 0.65%. South Korea’s Kospi dropped 1%, while the Kosdaq was marginally lower. Hong Kong’s Hang Seng index futures indicated a weak opening.
Gift Nifty was trading around 22,365 level, a discount of nearly 50 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices. Also Read: Market fear gauge VIX sees sharpest fall in 5 yr before change in Nifty lot size The US stock market ended Wednesday’s choppy session mixed, weighed down by an uptick in Treasury yields amid ongoing corporate results announcements. The Dow Jones Industrial Average declined 42.77 points, or 0.11%, to 38,460.92.
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