Sensex declined 269.03 points, or 0.35%, to close at 77,209.90, while the Nifty 50 settled 65.90 points, or 0.28%, lower at 23,501.10.“The market is expected to trade sideways next week due to the absence of strong buying or selling triggers. While the underlying sentiment remains bullish, dips might attract opportunistic buying, which could support the market.
However, strong rallies may be capped by profit booking," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd.Investors will watch out for any Union Budget-related or government policy announcements, domestic and global macroeconomic indicators, trends in foreign fund flows, crude oil prices, and other key global cues that will drive the market going forward.Read here: Week Ahead: Macro data, F&O expiry, global cues among key market triggers as Nifty eyes 24,000 this weekHere are key domestic and global market cues for Sensex today:Asian markets traded lower ahead of inflation data in the region later this week.Japan’s Nikkei 225 fell 0.19%, while the Topix gained 0.24%. Japanese yen slipped 0.1% to 159.91.South Korea’s Kospi declined 0.39%, and the Kosdaq dropped 0.54%.
Hong Kong Hang Seng index futures indicated a negative opening. Gift Nifty was trading around 23,395 level, a discount of nearly 80 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 24US stock market ended mostly lower on Friday weighed down by selling in technology stocks.The Dow Jones Industrial Average gained 15.57 points, or 0.04%, to 39,150.33, while the S&P 500 fell 8.55 points, or 0.16%, to 5,464.62.
Read more on livemint.com