Indian stock market: 7 key things that changed for market over weekend - Gift Nifty, US inflation to tech stocks rally

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Read here: Week Ahead: Q4 Results, US Fed Policy, Auto sales, global cues among key market triggers this week On Friday, the Indian stock market indices ended sharply lower, snapping their five-day winning streak. The Sensex declined 609.28 points, or 0.82%, to close at 73,730.16, while the Nifty 50 settled 150.40 points, or 0.67%, lower at 22,419.95. “We expect market momentum to resume with a focus on stock-specific action due to the ongoing result season and sector rotation at play.

Markets on Monday will react to US PCE data and results of several private banks announced on Saturday," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key domestic and global market cues for Sensex today: Asian markets traded higher on Monday ahead of the key economic data from the region and the US Federal Reserve’s meeting this week. South Korea’s Kospi gained 0.63%, and the Kosdaq surged 0.94%.

Japan’s markets are shut for a public holiday. Hong Kong’s Hang Seng index futures indicated a weak opening. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 29 Gift Nifty was trading around the 22,650 level, a premium of nearly 95 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.

The US stock market ended higher on Friday led by a rally in megacap growth stocks after robust quarterly results from Alphabet and Microsoft in addition to moderate inflation data. The Dow Jones Industrial Average rallied 153.86 points, or 0.40%, to 38,239.66, while the S&P 500 gained 51.54 points, or 1.02%, to 5,099.96. The Nasdaq Composite ended 316.14 points, or 2.03%, higher at 15,927.90.