Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US Private Payrolls to Nvidia shares

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Sensex surged 2,303.19 points, or 3.20%, to close at 74,382.24, while the Nifty 50 settled 735.85 points, or 3.36%, higher at 22,620.35.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 6“We expect the market to remain obsessed with government formation exercises, with a keen eye on key cabinet portfolios such as Finance, Defense, Roads, Energy, Commerce, and Railways. With election overhang done, we expect the focus to revert to fundamentals," 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 higher tracking overnight rally on Wall Street amid increased interest rate cut hopes.Japan’s Nikkei 225 surged 1.12%, while the Topix rose 0.65%.

Hong Kong’s Hang Seng index futures indicated a weaker opening. South Korea’s markets were closed for a public holiday.Also Read: Zee Entertainment stock on F&O ban list on June 6Gift Nifty was trading around 22,680 level, a premium of nearly 100 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.The US stock market ended higher on Wednesday with the S&P 500 and Nasdaq hitting record closing highs led by technology stocks.The Dow Jones Industrial Average gained 96.04 points, or 0.25%, to 38,807.33, while the S&P 500 rallied 62.69 points, or 1.18%, to 5,354.03.

The Nasdaq Composite ended 330.86 points, or 1.96%, higher at 17,187.91.Among stocks, Nvidia share price jumped 5.2% to end at $1,224.40, valuing the company at $3.012 trillion, overtaking Apple to become the world's second-most valuable company. Apple shares gained 0.8% with its market capitalization at $3.003 trillion.Rea