Indian stock market: 9 key things that changed for market overnight - Gift Nifty, US GDP, jobless claims to China PMI

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Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 31On Thursday, the Indian stock market benchmark indices suffered heavy selloff amid the monthly F&O expiry and ended nearly a percent lower each, extending losses for the fifth session in a row.The Sensex plunged 617.30 points, or 0.83%, to close at 73,885.60, while the Nifty 50 settled 216.05 points, or 0.95%, lower at 22,488.65.“Nervousness ahead of the exit poll and weak global cues continue to dent sentiments. Global markets remained under pressure due to rising bond yields and denting hopes of rate cut.

We expect market volatility to heighten as we approach the general election outcome," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded higher on Friday as investors looked out for key economic data across the region.Japan’s Nikkei 225 gained 0.23%, while the Topix index rose nearly 0.7%. South Korea’s Kospi rallied 1.07%, and Kosdaq rose 0.73%.

Hong Kong’s Hang Seng index futures indicated to a lower opening.Also Read: GIFT Nifty achieves all-time high monthly turnover of $88.10 billion for May 2024Gift Nifty was trading around 22,700 level, a premium of nearly 70 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.The US stock market ended lower on Thursday, with the Nasdaq falling more than 1% dragged by selling in and technology shares.The Dow Jones Industrial Average dropped 330.06 points, or 0.86%, to 38,111.48, while the S&P 500 fell 31.47 points, or 0.60%, to end at 5,235.48. The Nasdaq Composite closed 183.50 points, or 1.08%, lower at 16,737.08.