Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US Fed policy to inflation data
Sensex gained 149.98 points, or 0.20%, to close at 76,606.57, while the Nifty 50 settled 58.10 points, or 0.25%, higher at 23,322.95.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 13“Nifty is witnessing consolidation for the past three days in absence of fresh domestic triggers while cautiously awaiting US CPI and US Fed policy outcome. Market is likely to consolidate in the near term with a positive bias," 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 on Thursday following overnight gains on Wall Street after the US Fed interest rate decision.Japan’s Nikkei 225 rose 0.56%, while the Topix was flat.
South Korea’s Kospi rallied 1.39%, while the Kosdaq gained 0.6%. Hong Kong Hang Seng index futures indicated higher opening.Gift Nifty was trading around 23,460 level, a premium of nearly 100 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.Also Read: Stocks Climb as Bond Yields Sink With Fed in Focus: Markets WrapThe US stock market ended mixed on Wednesday, with the S&P 500 and Nasdaq posting record closing highs for a third straight day, after the Federal Reserve policy outcome and softer than expected inflation data.The S&P 500 gained 45.71 points, or 0.85%, to 5,421.03 and the Nasdaq Composite surged 264.89 points, or 1.53%, to 17,608.44.
The Dow Jones Industrial Average ended 35.21 points, or 0.09%, lower at 38,712.21Among stocks, Apple shares rose 2.9% and the iPhone maker briefly once again became the world’s most valuable, dethroning Microsoft from the top spot. Oracle shares jumped 13.3%.The
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