Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, US consumer sentiment to China CPI

livemint.com:

Read here: Week Ahead: Inflation data, Q4 Results, FII activity, global cues among key market triggers this week On Friday, the Indian stock market benchmark indices ended higher, but lost over 2% each for the week, with heavy selling seen in broader markets. The Sensex gained 260.30 points, or 0.36%, to close at 72,664.47, while the Nifty 50 settled 97.70 points, or 0.44%, higher at 22,055.20. “Heavy FII selling, and concerns over the outcome of ongoing general elections added to the overall pressure in the markets.

Result season has picked up pace with a lot of heavyweight results leading to stock specific action. The fourth phase of ongoing lok sabha election today may and may add to some volatility. Overall, we expect the market to consolidate in a broader range and take cues from Q4 results, global factors and news flows around the general election," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Here are key domestic and global market cues for Sensex today: Asian markets traded lower on Monday as investors assessed China’s inflation data and watched out for other key economic data from the region. Japan’s Nikkei 225 fell 0.32% and Topix dropped 0.46%. South Korea’s Kospi rose 0.29%, while the Kosdaq declined marginally.

Hong Kong’s Hang Seng index futures indicated a weaker opening. Also Read: ‘Market expecting positive end to the elections’ Gift Nifty was trading around 22,095 level, a discount of nearly 45 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices. US stocks ended mixed on Friday and all three indexes posted another weekly advance as investors took cues from the comments of Federal Reserve officials.