Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, Japan’s GDP to China inflation
Sensex gained 33.40 points, or 0.05%, to close at 74,119.39, while the Nifty 50 settled 19.50 points, or 0.09%, higher at 22,493.55. Market participants will now look out for several stock market triggers as the focus will shift to crucial economic data, such as inflation data releases from both India and the US, electoral announcements ahead of General Elections 2024, foreign capital inflow and other global cues. Read here: Week Ahead: Inflation data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,800 this week “Investors will take cues from the outcome of the ECB interest rate meeting and US Non-Farm Payroll data.
Also, the second set of economic data would continue to drive the market sentiments. We expect Nifty 50 to move towards 22,700 - 22,750 in the next few days with the ongoing rally focused towards large caps," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian share markets traded lower on Monday following losses on Wall Street.
The MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.3%, after hitting an eight-month peak on Friday. Japan’s Nikkei 225 declined 2.07%, while the Topix fell 1.33%. South Korea’s Kospi dropped 1.39%, and the Kosdaq traded marginally lower.
Hong Kong’s Hang Seng index futures indicated a slightly stronger opening. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — March 11 Gift Nifty was trading around the 22,652 level, a premium of nearly 100 points from the Nifty futures’ Thursday close, indicating a gap-up start for the Indian stock market indices. The US stock market indices ended lower on Friday after the S&P 500 and
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