Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Tesla sales drop to rising oil prices
Sensex fell 110.64 points, or 0.15%, to close at 73,903.91, while the Nifty 50 settled 8.70 points, or 0.04%, lower at 22,453.30. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 3 “We are seeing renewed optimism in the broader market in the mid & small cap stocks after the sharp correction over the past few months. There is a lot of money waiting on the sidelines to be invested in medium enterprises amid easing valuations and hopes of strong economic growth going ahead," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Here are key global market cues for Sensex today: Asian markets traded lower on Wednesday following overnight losses on Wall Street. Japan’s Nikkei 225 fell 1.3% and Topix dropped 0.82%. South Korea’s Kospi declined 0.8%, while the Kosdaq slipped 1.24%.
Hong Kong’s Hang Seng index futures indicated a marginally lower opening. Read here: Asian Stocks Slip as Rate Cut Hopes Begin to Fade: Markets Wrap Gift Nifty was trading around the 22,465 level, a discount of nearly 110 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices. US stock market indices ended sharply lower on Tuesday, while the 10-year Treasury yields rose to their highest since late November as investors pared back expectations for interest rate cuts this year.
The Dow Jones Industrial Average declined 396.61 points, or 1%, to 39,170.24, while the S&P 500 fell 37.96 points, or 0.72%, to 5,205.81. The Nasdaq Composite ended 156.38 points, or 0.95%, lower at 16,240.45. Among stocks, Tesla shares dropped 4.9% and Calvin Klein-parent PVH Corp shares plunged 22.2%.
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