Indian stock market: 7 key things that changed for market overnight - Gift Nifty to spike in US dollar, Treasury yields
Sensex declined 199.17 points, or 0.27%, to close at 73,128.77, while the Nifty 50 settled 65.15 points, or 0.29%, lower at 22,032.30. “Following global cues, domestic equities took a breath after rallying in the last few sessions. Overall we expect the market to consolidate in higher zones," 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 lower following overnight losses on Wall Street and ahead of key economic data in China. Japan’s Nikkei 225 rallied 1.24% and the Topix gained 0.92%. South Korea’s Kospi fell 0.46%, while the Kosdaq dropped 1.1%.
Hong Kong’s Hang Seng index futures indicated to a weaker open. Also Read: Day trading guide for today: Six stocks to buy or sell on Wednesday —January 17 Gift Nifty was trading around 21,850 level as against Nifty futures’ previous close of 22,025, indicating a negative start for the Indian stock market indices. US stock market indices ended lower on Tuesday dragged by selling in banking stocks.
Morgan Stanley shares tumbled 4.2% to a more than one-month low, while Goldman Sachs share price closed 0.7% higher. Spirit Airlines shares slumped 47%. Apple share price dropped 1.2%.
The Dow Jones Industrial Average declined 0.62% to 37,361.12 points, while the S&P 500 fell 0.37% to end at 4,765.98 points. The Nasdaq ended 0.19% lower at 14,944.35 points. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The US dollar index hovered at a one-month high against a basket of currencies as expectations for interest rate cut in March were dampened following the remarks
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