Indian stock market: 8 key things that changed for market overnight - Gift Nifty, inflation to Bitcoin price rally
Sensex plunged 523.00 points, or 0.73%, to close at 71,072.49, while the Nifty 50 settled 166.45 points, or 0.76%, lower at 21,616.05. “The premium valuation gap between mid to large caps has notched to its all-time high. Despite a robust economic forecast, corporate earnings are expected to slow due to moderated operating margins.
It is going to be a challenge for the broad market to sustain the premium valuation. Large caps are predicted to excel amid consolidation," said Vinod Nair, Head of Research, Geojit Financial Services. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — February 13 Here are key domestic and global market cues for Sensex today: Asian markets traded mostly higher on Tuesday as more markets returned to trade from the Lunar New Year holiday.
Japan’s Nikkei 225 rallied 1.82%, crossing the 37,000 mark to a 34-year high, while the Topix jumped 1.02%. South Korea’s Kospi gained 1.16% and the Kosdaq rose 1.28%. Markets in China are closed for the week, due to the Lunar New Year holiday.
Hong Kong market is also closed. Gift Nifty was trading around 21,735 level, as compared with Nifty futures’ previous close of 21,696, indicating a mildly positive start for the Indian stock market indices. Also Read: Buy or sell: Ruchit Jain of 5paisa recommends buying these two stocks this week The US stock market indices ended mixed on Monday as markets awaited key inflation data that will influence US Fed monetary policy.
The Dow Jones Industrial Average gained 135.76 points, or 0.35%, to 38,807.45, while the S&P 500 eased 4.12 points, or 0.08%, to end at 5,022.49 points. The Nasdaq Composite closed 42.74 points, or 0.27%, lower at 15,947.92. During the session, Nvidia’s market
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