Indian stock market: 7 key things that changed for market overnight - Gift Nifty to US private payrolls data
GDP estimates on Friday. The domestic equity benchmark indices resumed their upward march on Thursday, snapping their two-day losing run, amid across-the-board buying despite mixed global cues. The Sensex rallied 490.97 points, or 0.69%, to end at 71,847.57, while the Nifty 50 closed 141.25 points, or 0.66%, higher at 21,658.60.
“Impressive quarterly business updates from financial heavyweights lifted domestic equities, despite weak global cues. Overall, the market showed strong resilience, which is likely to strengthen further as we head into the result season and more companies announce their business updates," 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 5 Here are key global market cues for Sensex today: Asian markets traded mixed on Friday tracking overnight losses on Wall Street and ahead of the key economic data in the region.
Japan’s Nikkei 225 gained 0.11%, while Topix rose 0.32%. South Korea’s Kospi eased 0.08% and Kosdaq was flat. Hong Kong’s Hang Seng index futures pointed to a weaker opening.
Australia’s S&P/ASX 200 rose 0.05%. Gift Nifty was trading around 21,773 level as compared to Nifty futures previous close of 21,809, indicating a tepid 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!) The US stock market indices ended mixed on Thursday with the S&P 500 and Nasdaq Composite closing lower dragged by selling in technology stocks amid rise in Treasury yields.
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