Indian stock market: 8 key things that changed for market overnight – Gift Nifty, CPI inflation to Tesla stock price

Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Wednesday following weakness in global markets.

Asian markets traded lower, while US stock market ended with losses overnight as the post-election rally fizzled amid profit booking.

Investors will watch out for US consumer price inflation data to be released today, followed by producer prices inflation and retail sales data later this week, as these could provide clues about the US Federal Reserve’s policy path going forward.

On Tuesday, the Indian stock market extended its weakness, with both the benchmark indices falling over a percent each.

The Sensex crashed 820.97 points, or 1.03%, to close at 78,675.18, while the Nifty 50…

Source link