Stock Market Today: Key Changes Impacting the Indian Stock Market - Sensex, Nifty, and Global Cues

Friday, 11 October 2024, 05:57

Stock market updates reveal crucial changes affecting the Indian stock market today. The Sensex and Nifty are influenced by US inflation data while Asian markets show varying trends. Investors should stay vigilant.
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Stock Market Today: Key Changes Impacting the Indian Stock Market - Sensex, Nifty, and Global Cues

Overview of the Indian Stock Market Today

The stock market today highlights key changes affecting the Indian stock market. The domestic equity benchmarks, Sensex and Nifty 50, are poised to open mildly as global cues play their part.

Global Market Cues Affecting Sensex

  • Asian markets predominantly recorded gains following South Korea's interest rate cut, with Japan's Nikkei 225 up 0.3%.
  • In contrast, the US stock market closed lower due to higher-than-expected inflation.

Details on Gift Nifty and Opening Indications

Gift Nifty is positioned around 25,085, indicating a weak start for the Indian benchmarks.

US Market Brief

  1. The Dow Jones Industrial Average dipped 0.14%, impacted by inflation concerns.
  2. US consumer prices rose by 0.2%, exceeding expectations.

Recent Developments in the US

Jobless claims in the US surged, indicating a worrying trend, which adds pressure on markets globally.

TCS Q2 Results Overview

Tata Consultancy Services reported a slight decline in net profit this quarter. Their revenue shows modest growth, yet they face margin pressures.

US Federal Reserve officials are cautious about interest rate strategies.

Oil Markets Update

Crude oil experienced a minor decline, following recent fluctuations.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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