Indian stock market: 7 key things that changed for market overnight - Gift Nifty, RBI minutes to Nvidia stock price jump
Sensex climbed 535.15 points, or 0.74%, to close at 73,158.24, while the Nifty 50 settled at 22,217.45, up by 162.40 points, or 0.74%. “Strong Q4 results and a positive outlook from chipmaker Nvidia led to a revival in global sentiments. Further, HSBC Flash India PMI data for the month of February pointed towards India’s economic activity – both manufacturing and services being at a 7-month high which helped Indian markets to make a sharp recovery.
We expect this ongoing momentum to continue with markets attaining new highs," 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 23 Here are key domestic and global market cues for Sensex today: Asian markets traded higher on Friday tracking overnight rally on Wall Street, with investors awaiting China’s property prices data. Japanese markets are closed for a public holiday.
South Korea’s Kospi rose 0.4% and the Kosdaq gained 0.2%. Hong Kong’s Hang Seng index futures indicated a lower opening. Gift Nifty was trading around 22,305 level, as compared with Nifty futures’ previous close of 22,270, indicating a positive start for the Indian stock market indices.
The US stock market ended higher on Thursday, with the S&P 500 and Dow Jones Industrial Average both closing at record highs, led by growth and technology stocks the day after Nvidia’s bumper earnings and outlook. The Dow Jones Industrial Average rallied 456.87 points, or 1.18%, to close at 39,069.11, while the S&P 500 jumped 105.23 points, or 2.11%, to 5,087.03. The Nasdaq Composite ended 460.75 points, or 2.96%, higher at 16,041.62.
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