Indian stock market: 7 things that changed for market over weekend - Gift Nifty to US nonfarm payrolls
Sensex closed the day 178.58 points, or 0.25%, higher at 72,026.15, while the Nifty 50 settled at 21,710.80, up 52.20 points, or 0.24%. Also Read: Market ahead: Q3 results, Red Sea crisis, inflation, FII activity among key market triggers to watch next week “Healthy pre-quarterly business updates indicate that the earnings growth momentum is likely to continue in Q3 as well. Overall we expect markets to remain in a positive range.
Stock-specific action will gather pace with the start of the earning season," 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 8 Here are key domestic and global market cues for Sensex today: Asian markets traded little higher on Monday ahead of the key economic data releases this week with inflation reports from the US, Japan and China. MSCI’s broadest index of Asia-Pacific shares outside Japan barely changed, having retreated 2.5% last week.
Japan’s markets are closed for a public holiday. South Korea’s Kospi gained 0.34%, while the Kosdaq eased 0.08%. Hong Kong’s Hang Seng index futures pointed to a higher open.
Australia’s S&P/ASX 200 rose 0.17%. Gift Nifty was trading around 21,791 level as compared to Nifty futures’ previous close of 21,785, indicating a flat 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 indexes ended marginally higher on Friday but posted their worst week in months.
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