Indian stock market: 7 key things that changed for market overnight - Gift Nifty, US inflation to Wall Street sell-off
Sensex gained 482.70 points, or 0.68%, to close at 71,555.19, while the Nifty 50 ended 127.20 points, or 0.59%, higher at 21,743.25. “Going ahead Nifty is expected to remain in the broader range given the lack of positive triggers globally and mixed set of domestic Q3 earnings which too is unable to provide any support.
All eyes will be on US inflation data, as it will hold key importance from the US Fed interest rate cut point of view," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — February 14 Here are key global market cues for Sensex today: Asian markets traded lower tracking overnight losses on Wall Street after US January inflation data came in hotter than estimated.
Japan’s Nikkei 225 declined 0.54% and the Topix dropped 0.68%. South Korea’s Kospi plunged 1.47%, while the Kosdaq fell 0.89%.
Hong Kong’s Hang Seng index futures indicated a lower opening. Gift Nifty was trading around 21,615 level, as compared with Nifty futures’ previous close of 21,816, indicating a gap-down start for the Indian stock market indices.
Also Read: Day trading guide for stock market today: Nine stocks to buy or sell on Wednesday — 14th February The US stock market indices ended lower on Tuesday, with the Dow Jones Industrial Average posting its biggest one-day percentage drop in nearly 11 months, after higher-than-expected consumer inflation data pushed back expectations of imminent interest rate cuts and lifted US Treasury yields higher. The Dow Jones Industrial Average plunged 522.05 points, or 1.36%, to 38,275.33, witnessing its biggest one-day percentage loss since March 22, 2023, while the the S&P 500 declined
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