Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US jobless claims to oil price rally
Catch RBI Monetary Policy 2024 LIVE Updates here On Thursday, the Indian stock market indices ended higher, snapping a two-day losing run, ahead of the RBI monetary policy decision. The Sensex gained 350.81 points, or 0.47%, to close at 74,227.63, while the Nifty 50 settled 80.00 points, or 0.36%, higher at 22,514.65. “Nifty has been consolidating in a narrow range at higher levels for the last few sessions, while broader markets have bounced back strongly, especially after a sharp recent correction.
We expect some volatility today especially in the rate sensitive sector amid India’s central bank’s policy meeting. Overall, we maintain our positive bias on the market, and any dip can be viewed as a buying opportunity," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded lower on Friday tracking overnight losses on Wall Street.
Japan’s Nikkei 225 declined 1.59%, while the Topix fell 1.15%. South Korea’s Kospi dropped 0.79% and the Kosdaq dripped 0.84%. Hong Kong’s Hang Seng index futures were indicating a mildly positive start after a trading holiday.
Also Read: Buy or sell: Tech Mahindra to Asian Paints — Vaishali Parekh recommends three stocks to buy today — April 5 Gift Nifty was trading around the 22,556 level, a discount of nearly 55 points from the Nifty futures’ previous close, indicating a gap-down start for the Indian stock market indices. The US stock market indices ended over a percent lower each on Thursday, with the S&P 500 seeing the biggest daily percentage drop since February 13, after US Federal Reserve officials took a cautious approach in comments on the outlook for interest rate cuts. The Dow Jones
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