Indian stock market: 8 key things that changed for market overnight - Gift Nifty to China’s lending rate cut
Sensex gained 281.52 points, or 0.39%, to close at 72,708.16, while the Nifty 50 settled 81.55 points, or 0.37%, higher at 22,122.25. “Despite an unattractive risk reward, the broader market continued its outperformance in expectation of improvements in private capex and optimism about political stability. Benign input costs and expectations of a pickup in rural demand will aid corporate earnings growth.
However, the higher US 10-year Treasury yield and domestic outflows of FIIs are pointing to cautiousness of foreign investors," said Vinod Nair, Head of Research, Geojit Financial Services. On the global front, the US Federal Reserve will unveil its latest minutes this week, which may hint at the direction of rates. Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on February 20 Here are key global market cues for Sensex today: Asian markets traded mixed on Tuesday.
Japan’s Nikkei 225 gained 0.21%, hovering near record highs, while South Korea’s Kospi declined 0.36%. Hong Kong’s Hang Seng index futures indicated a stronger opening. Gift Nifty was trading around 22,173 level, as compared with Nifty futures’ previous close of 22,160, indicating a flat start for the Indian stock market indices.
US equity futures were steady in muted trading as investors awaited fresh triggers. S&P 500 futures gained 0.2% and Nasdaq 100 contracts rose 0.3%. US cash markets were shut on Monday for the President’s Day holiday.
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