Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Asian markets to oil prices
Sensex eased 19.89 points, or 0.03%, to close at 75,390.50, while the Nifty 50 settled 24.65 points, or 0.11%, lower at 22,932.45.“Amidst the celebration, there looms a question regarding the sustainability of this bullish trend. The previous day unfolded with cautious trading, anticipating heightened volatility in the near term.
With Nifty closing slightly lower, the market sentiment underscores a prevailing sense of caution," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 28Here are key global market cues for Sensex today:Asian markets traded range bound on Tuesday after comments from the European Central Bank officials signaled rate cuts may be on the horizon.Japan’s Nikkei 225 and Topix were flat. South Korea’s Kospi traded marginally higher, while the Kosdaq gained 0.42%.
Hong Kong’s Hang Seng index futures indicated a slightly weaker opening.Gift Nifty was trading around 23,020 level, a premium of nearly 20 points from the Nifty futures’ previous close, indicating a flat-to-positive start for the Indian stock market indices.US markets were closed on Monday for a holiday. However, the futures on the Nasdaq 100 rose 0.4% to a record high, while European markets gained marginally.Also Read: Australia shares flat as losses in bank stocks counter commodities gainsThe US stock market will shift to T+1 (Trade + 1) trading cycle from Tuesday as per the Securities and Exchange Commission rule to shorten the settlement cycle for securities transactions from two business days after the trade to one.European Central Bank officials have batted for an interest rate cut next week as Olli Rehn, ECB governing council member, stressed
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