Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Nvidia share rally to Treasury yields
Sensex declined 220.05 points, or 0.29%, to close at 75,170.45, while the Nifty 50 settled 44.30 points, or 0.19%, lower at 22,888.15.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 29“We expect the Nifty to remain sideways to marginally positive on the back of reduced FII selling, prediction of above normal monsoon and last leg of Q4 results," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded mixed on Wednesday tracking a similar trend overnight on Wall Street.Japan’s Nikkei 225 gained 0.18%, while the Topix was flat. South Korea’s Kospi declined 0.26% and the Kosdaq dropped 0.44%.
Hong Kong’s Hang Seng index futures indicated a weaker opening.Also Read: Australian shares hit 3-week low as financials drag, inflation data in focusGift Nifty was trading around 22,835 level, a discount of nearly 90 points from the Nifty futures’ previous close, indicating a gap-down start for the Indian stock market indices.The US stock market ended mixed on Tuesday with the Nasdaq crossing 17,000 for the first time ever.The Dow Jones Industrial Average declined 216.73 points, or 0.55%, to 38,852.86, while the S&P 500 rose 1.32 points, or 0.02%, to 5,306.04. The Nasdaq Composite closed 99.09 points, or 0.59%, higher at 17,019.88.Nvidia share price jumped 7%, GameStop shares rallied 25.2%, while Hess shares gained 0.4%.
Exxon Mobil stock price ended 1.3% higher.Also Read: Wall Street today: US stocks mixed, Nasdaq crosses 17,000 level as Nvidia climbs to record highUS consumer confidence unexpectedly improved in May after deteriorating for three straight months. The Conference Board said that its
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