Indian stock market: 8 key things that changed for market overnight - Gift Nifty to Nvidia share price rally

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Sensex jumped 1,196.98 points, or 1.61%, to close at 22,967.65, while the Nifty 50 settled 369.85 points, or 1.64%, higher at 75,418.04.“We expect this positive momentum to continue on the back of an improving political environment, continued short covering by FIIs, and strong domestic macros. Sectors like Defence, Banking, and Railways are expected to remain in focus," 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.

The Nikkei 225 declined 1.83%, while the Topix plunged 1.22%. South Korea’s Kospi fell 1.34%, and the Kosdaq lost 0.95%.

Hong Kong’s Hang Seng index futures indicated a weaker opening.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 24Gift Nifty was trading around the 22,950 level, a discount of nearly 50 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.The US stock market ended lower on Thursday with the Dow Jones registering the largest daily percentage drop since March 22, 2023.The Dow Jones Industrial Average plunged 605.78 points, or 1.53%, to 39,065.26, while the S&P 500 declined 39.17 points, or 0.74%, to 5,267.84. The Nasdaq Composite ended 65.51 points, or 0.39%, lower at 16,736.03.Among stocks, Nvidia share price jumped 9.32% to close above the $1,000 per share mark for the first time.