Indian Stock Market: 10 Key Overnight Updates – Gift Nifty, Accenture Q2, BoE Policy & More

Indian stock market: Following mixed signals from global markets, the domestic equity benchmark indices Sensex (Sensex) and Nifty50 (Nifty50) are expected to start on a muted tone.

Investors weighed key economic data as they gauged the Asian markets, and investors reacted by lowering US stock prices overnight.

Let’s describe the global market updates for Sensex today.

Asian Markets

Asian markets were mixed on Friday as Wall Street's late losses counted heavily on stocks. The Nikkei 225 in Japan gained 0.34, while the Topix grew by 0.27. South Korea's Kospi fell by 0.16, while the Kosdaq dropped by 0.86. Hong Kong's Hang Seng futures showed a lower opening.

Gift Nifty Today

Gift Nifty traded at around 23,220, which is a premium by nearly 20 points over the previous Nifty Futures close. This indicates a flat to positive start for Indian stock markets.

Wall Street

Investors counted the rearmost profitable data and replied by lowering US stock requests on Thursday. Dow Jones Industrial Average dropped 11.31 points or 0.03 to 41,953.32, S&P 500 dropped 12.40 points or 0.22 and Nasdaq Composite finished with an end total 59 points lower at 17,691.63.

Accenture Q2 results

Accenture reported that revenue increased by 5% on an annual basis in the December-February period. This is in line with Accenture's guidance of $16.2 billion-$16.8 billion. The company has lowered its forecast for full-year revenue to 5-7%, down from earlier 4-7%.

Bank of England Policy

The Bank of England held interest rates steady and advised investors not to assume that they would be lowered snappily. The Bank of England's rate- setters suggested 8- 1 in favor of keeping borrowing costs at 4.5 percent. Reuters polled economists who had prognosticated a more tempered 7- 2' hold vote'.