Indian stock market: 7 key things that changed for market overnight - Gift Nifty, S&P near record, US jobless claims

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Sensex declined 313.90 points, or 0.44%, to close at 71,186.86, while the Nifty 50 settled 109.70 points, or 0.51%, lower at 21,462.25. Investors will now focus on the corporate earnings for the third quarter of FY24 which so far have been a mixed bag. “We expect the market to consolidate in a range with limited upside amid a global uncertain environment.

Nifty heavyweights like Reliance Industries, Hindustan Unilever (HUL) and Ultratech Cement will announce their Q3 results today which could drive the index on either side," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 19 Here are key global market cues for Sensex today: Asian markets traded higher on Friday tracking overnight rally on Wall Street fuelled by technology stocks. Investors also assessed Japan’s December core inflation data that came in at its lowest level since June 2022 ahead of the Bank of Japan’s monetary policy meeting.

Japan’s Nikkei 225 rallied 1.4% and the Topix gained 0.98%. South Korea’s Kospi jumped 1.14%, while Kosdaq surged 1.37%. Hong Kong’s Hang Seng index futures indicated a flattish open.

Gift Nifty was trading around 21,530 level, as against Nifty futures’ previous close of 21,550, indicating a muted start for the Indian stock market indices. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) US stock market indices ended higher on Thursday led by technology stocks, with the S&P 500 approaching record highs as chipmakers rallied. The Dow Jones Industrial Average gained 0.54% to 37,468.61, while the S&P 500 surged