Create Post
Indian stock market: 8 things that changed for the market overnight - Gift Nifty, US GDP to Japan’s inflation
Indian stock market: The Asian markets traded higher, while the US stocks jumped overnight after economic data raised hopes of easing monetary policy and interest rate cuts by the US Federal Reserve. Indian stock market: The Indian stock market indices, Sensex and Nifty are expected to open on a positive note Friday following gains in global peers. The Asian markets traded higher, while the US stocks jumped overnight after economic data raised hopes of easing monetary policy and interest rate cuts by the US Federal Reserve. The domestic equity market ended higher on Thursday amid across-the-board buying as investors remained upbeat on India’s growth prospects. The Sensex ended 358.79 points, or 0.51%, higher at 70,865.10, while the Nifty 50 gained 104.90 points, or 0.50%, to settle at 21,255.05. “Market is likely to move in a range as investor participation is expected to gradually decline globally ahead of the Christmas and New Year holiday," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Here are key global market cues for Sensex today: Asian Markets Asian markets traded lower on Friday tracking overnight gains on Wall Street, while data showed Japan’s inflation growth at slowest pace since July 2022. Japan’s Nikkei 225 gained 0.36% and the Topix rose 0.51%. South Korea’s Kospi was up 0.43%, while Kosdaq added 0.33%. Hong Kong’s Hang Seng index futures pointed to a weaker open. Gift Nifty Gift Nifty was trading around 21,388 level as compared to Nifty futures’ previous close of 21,376, indicating a positive start for the Indian markets. US Stock Market US stocks ended higher on Thursday as investor risk appetite revived after economic data fueled optimism that the US Federal Reserve would ease monetary policy. The Dow Jones Industrial Average rallied 322.35 points, or 0.87%, to 37,404.35, while the S&P 500 jumped 48.4 points, or 1.03%, to 4,746.75. The Nasdaq Composite ended 185.92 points, or 1.26%, higher at 14,963.87. Among stocks, Micron Technology shares surged 8.6%, Triumph Group rallied 32.9%, while Blackberry shares tanked 12.7%. US electric vehicle makers Tesla, Lucid Group and Rivian Automotive rose between 1.6% and 3.0%. Source - Mint
- 0
- 0
- ₹0
