Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Nasdaq at record high to oil prices
Read here: Week Ahead: US Fed chair speech, Q4 results, FII activity, global cues among key market triggers this week On Saturday, the Indian stock market indices ended the special trading session with minor gains amid positive global cues. The Sensex gained 88.91 points, or 0.12%, to close at 74,005.94, while the Nifty 50 settled 35.90 points, or 0.16%, higher at 22,502.00. The domestic equity markets were closed on Monday due to the Lok Sabha elections in Mumbai.
“Uncertainties persist regarding the timing of US Fed rate adjustments, with market participants eagerly awaiting clarity from an upcoming Fed chair speech. Amidst ongoing uncertainties surrounding election results and quarterly earnings, we anticipate continued volatility in the near term," said Vinod Nair, Head of Research, Geojit Financial Services. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 21 Here are key global market cues for Sensex today: Asian markets traded mixed tracking a rally in technology stocks overnight on Wall Street.
Japan’s Nikkei 225 rose 0.35%, while South Korea’s Kospi declined 0.49%. Hong Kong’s Hang Seng index futures indicated a weak opening. Also Read: South Korean shares fall as battery makers drop; cenbank meeting in focus Gift Nifty was trading around the 22,605 level, a premium of nearly 60 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
The US stock market ended mixed on Monday with the Nasdaq closing at a record high led by a rally in technology stocks. The Dow Jones Industrial Average declined 196.82 points, or 0.49%, to 39,806.77, while the S&P 500 gained 4.86 points, or 0.09%, to 5,308.13. The Nasdaq Composite ended 108.91
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