Indian stock market: 7 key things that changed for market overnight - Gift Nifty, oil prices to trade deficit
Sensex surged 759.49 points, or 1.05%, to end at 73,327.94, while the Nifty 50 ended 202.90 points, or 0.93%, higher at 22,097.45. “Q3 earning season had a positive start and is further expected to be propelled by the BFSI segment, where many heavyweights are likely to post their results this week. This will support the overall ongoing market momentum and stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Here are important domestic and global market cues for Sensex today: Asian markets traded lower on Tuesday with the Japanese stocks halting its record-breaking rally. Japan’s Nikkei fell 0.45%, while Topix declined 0.44%. South Korea’s Kospi dropped 0.8% and the Kosdaq dipped 0.4%.
Hong Kong’s Hang Seng index futures indicated a weaker open. Australia’s S&P/ASX 200 fell 1%. Gift Nifty was traded at around 22,086 level as compared to Nifty futures’ previous close of 22,140, signaling a weak start for the Indian stock market indices.
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) US stock markets were closed Monday on account of the Martin Luther King holiday. Meanwhile, US stock futures traded lower on Tuesday. Dow Jones Industrial Average futures fell 0.13%, while S&P 500 and Nasdaq Composite futures traded 0.15% lower each.
Crude oil prices edged higher amid escalating geopolitical tensions in the Middle East, with the US telling commercial ships to avoid the Red Sea following missile strikes by Houthi militants. Brent crude oil eased 0.18% to $78.15 a barrel, while the US West Texas Intermediate (WTI) crude futures rose 0.07% to $72.73. Japan’s wholesale
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