Indian stock market: 10 key things that changed for the market over the weekend - Gift Nifty, China inflation to Syria civil war
Following weak global clues, it is expected that the Indian Stock market equity indices Sensex and Nifty 50 will open lower on Monday.
Indian stock market: 10 key things that changed for the market over the weekend - Gift Nifty, China inflation to Syria civil war
Following weak global clues, it is expected that the Indian Stock market equity indices Sensex and Nifty 50 will open lower on Monday.
Asian market stayed lower mostly, while the US stock market showed a mixed conclusion last week, with S&P and Nasdaq closed approaching record highs.
Tension in the world escalated with country after country falling prey to political upheavals, and after France and South Korea, now Syria civil war, with the already complicated regional situations made worse by the fall of Bashar al-Assad's regime.
Key stock market triggers will be monitored by the investors this week including global and domestic macroeconomic data, flow of foreign funds, upcoming IPOs, US bond yields, Russia-Ukraine geopolitical tensions, crude oil prices, dollar, and other global market cues.
The Sensex closed at 81,709.12 and Nifty 50 ended at 24,677.80.
Asian Market
Amid the release of economic data as well as global geopolitical tensions, the Asian market traded mixed. Japan’s Nikkei 225 got higher by 0.5% and the Topix gained 0.4%. Kospi of South Korea dropped 1.6%, while Kosdaq fell 2.9%.
Gift Nifty today
Gift Nifty was near 24,730 levels, more than 50 points discount from the previous close of Nifty Futures, showing a negative beginning for the Indian stock market indices.
Wall Street
On Friday, the US stock market closed mixed, with the S&P 500 and Nasdaq closing at record highs.
The Dow Jones Industrial Average dropped 0.28% or 123.19 points, while the S&P 500 gained 15.16 points. The Nasdaq Composite Index rose 0.81% or 159.05 points.
Last month there was an increase in the US nonfarm payrolls by 227,000 jobs. A poll of economists forecasted that payrolls would get 200,000 jobs.
The US unemployment rate got higher by 4.2% in November, indicating an easing labour market that must let the US Federal Reserve cut interest rates.
From July to September, the economy of Japan expanded at a faster pace. In three months, Japan GDP rose 1.2%, which is higher than the economist’s median forecast.
Last week, the US dollar index edged up 0.2% and was flat at 106.010. The dollar remained steady against the yen, holding at 148.65 to 151.23 ranges.