Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Nasdaq’s record close to oil prices
Sensex rose 181.87 points, or 0.24%, to close at 76,992.77, while the Nifty 50 settled 66.70 points, or 0.29%, higher at 23,465.60. Indian stock market was closed on Monday, June 17, on account of Eid ul-Adha 2024.
This week, investors will watch out for any announcements related to the upcoming Union Budget or other government policies which may result in stock-specific action, domestic and global macroeconomic indicators, trends in foreign fund flow, crude oil prices, central bank policy verdicts, and other global cues that will drive the market going ahead.Read here: Week Ahead: Macro data, BoE, China policy verdicts, FII activity, global cues among key market triggers this week“The positive undertone of the market helped benchmark Nifty scale new highs and inch closer towards the 23500 mark as cautious investors continued with their select buying approach in key frontline stocks. However, midcap & smallcap stocks have been seeing renewed buying interest with large-cap stocks facing higher valuation hurdles.
As expectations start building up from the government in the run up to the Budget next month, markets may face bouts of intra-day volatility going ahead," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.Here are key domestic and global market cues for Sensex today:Asian markets traded higher tracking overnight record rally on Wall Street led by technology stocks.Japan’s Nikkei 225 gained 0.84%, while the Topix rose 0.64%. South Korea’s Kospi rallied 0.9%.
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