top of page

Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US retail sales to spike in oil prices

Gift Nifty was trading around 22,088 level, as compared with Nifty futures’ previous close of 22,015, indicating a mildly positive start for the Indian stock market indices.

Asian markets traded higher, while US stocks ended higher overnight after economic data increased investors’ optimism that the US Federal Reserve will begin interest rate cuts in coming months.

Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US retail sales to spike in oil prices

Indian stock market: The domestic equity indices, Nifty 50 and Sensex, are likely to open on a positive note Friday tracking gains in global markets.


Asian markets traded higher, while US stocks ended higher overnight after economic data increased investors’ optimism that the US Federal Reserve will begin interest rate cuts in coming months.


On Thursday, the Indian stock market indices ended higher for the third consecutive session boosted by positive global cues.


The Sensex gained 227.55 points, or 0.32%, to close at 72,050.38, while the Nifty 50 ended 70.70 points, or 0.32%, higher at 21,910.75.


“With the end of Q3 result season, the focus is now shifting to fundamentals and economic macro data. Domestic equities are taking support from better-than-expected inflation which would keep the trend positive. Nifty is now close to 22,000 as well as its all-time high, we expect it to surpass these levels and touch new highs," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.



Read More: https://www.livemint.com/market/stock-market-news/indian-stock-market-8-key-things-that-changed-for-market-overnight-gift-nifty-us-retail-sales-spike-in-oil-prices-11708046971873.html

bottom of page