Indian stock market: 8 things that changed for market overnight - Gift Nifty, Nvidia shares to US consumer confidence

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Sensex surged 712.44 points, or 0.92%, to close at 78,053.52, while the Nifty 50 settled 183.45 points, or 0.78%, higher at 23,721.30.“After the last few range bound sessions, investors placed bullish bets on banking and select frontline IT stocks which helped benchmark indices scale fresh highs even as the majority of the sectors ended in red. Most of the private banking stocks had missed the upsurge seen in recent weeks and hence there was a flurry of activity in the financial space ahead of the monthly expiry on Thursday," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.Also Read: Weekly picks: Motilal Oswal suggests these three stocks to buy today predicting up to 9% upsideHere are key domestic and global market cues for Sensex today:Asian markets traded mostly lower on Wednesday tracking mixed cues overnight from US stocksJapan’s Nikkei 225 rose 0.26%, while the Topix fell 0.17%.

South Korea’s Kospi declined 0.38%, while the Kosdaq gained 0.38%. Hong Kong Hang Seng index futures indicated a lower opening.Gift Nifty was trading around 23,700 level, a discount of nearly 30 points from the Nifty futures’ previous close, indicating a weak start for the Indian stock market indices.Also Read: Stock market today: Four stocks in F&O ban list on June 26US stock market ended mixed on Tuesday as the Nasdaq rallied, buoyed by strength in technology stocks, while retail stocks weighed on Dow Jones.The Dow Jones Industrial Average declined 299.05 points, or 0.76%, to 39,112.16, while the S&P 500 rose 21.43 points, or 0.39%, to 5,469.30.