Sensex declined 188.50 points, or 0.25%, to close at 74,482.78, while the Nifty 50 settled 38.55 points, or 0.17%, lower at 22,604.85. “We expect the market to continue its positive momentum supported by healthy Domestic Institutional Investors (DIIs) and retail buying and going Q4 result season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. The Indian stock market was closed on May 1 on account of Maharashtra Day.
Also Read: Top Stock Recommendations: Sagar Doshi of Nuvama recommends these three stocks for today Here are key global market cues for Sensex today: Asian markets traded lower on Thursday tracking overnight moves on Wall Street after the US Federal Reserve kept interest rates unchanged. Japan’s Nikkei 225 declined 0.70%, while the Topix fell 0.4%. South Korea’s Kospi eased 0.1% and Kosdaq dropped 0.1%.
Hong Kong’s Hang Seng index futures indicated a weak opening. Gift Nifty was trading around the 22,745 level, a premium of nearly 30 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices. Also Read: Stock market today: Two stocks under F&O ban list on Thursday — May 2 The US stock market ended mixed on Wednesday after the Federal Reserve’s monetary policy announcement.
The Dow Jones Industrial Average gained 87.37 points, or 0.23%, to 37,903.29, while the S&P 500 fell 17.3 points, or 0.34%, to 5,018.39. The Nasdaq Composite ended 52.34 points, or 0.33%, lower at 15,605.48. Among stocks, Amazon share price gained 2.2%, while Johnson & Johnson shares rallied 4.6%.
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