7 Key Overnight Changes Impacting Indian Stock Market Today: Weak Global Trends, US Jobs Data, & More

Indian stock markets, including Sensex and Nifty 50, are expected to open lower today due to weak global trends.

On Thursday, Sensex dropped by 151.48 points to 82,201.16, and Nifty 50 fell by 53.60 points to 25,145.10. Global markets were mixed as investors waited for important US jobs data, which could influence future interest rate cuts by the Federal Reserve.

Here are 7 key factors affecting the market today:

Asian Markets: Asian markets mostly declined. Japan’s Nikkei 225 and Topix, South Korea’s Kospi, and Hong Kong’s Hang Seng futures traded lower, while China’s CSI 300 was slightly down.

Gift Nifty: Gift Nifty was trading at 25,155, about 80 points lower than Nifty’s previous close, signaling a weak opening for Indian indices.

Wall Street Performance: US stocks ended mixed as investors awaited job data. The Dow Jones dropped 219 points, while the S&P 500 fell 16 points. The Nasdaq Composite rose slightly, helped by Tesla and Amazon stocks.

US Jobless Claims: Jobless claims in the US dropped to 227,000 last week, showing fewer layoffs than expected, reflecting a stable job market.

Japan Household Spending: Japan’s consumer spending grew by only 0.1% in July, much lower than the forecasted 1.2%, indicating weaker economic activity.

Dollar Movement: The US dollar slipped to a one-week low, trading around 101.03 against other currencies after mixed job market data.

Gold Prices: Gold prices stayed steady but have gained 0.5% this week. Spot gold was around $2,516.19 per ounce, showing steady demand for the metal.

These global factors are likely to shape market movements today. Investors are keeping a close eye on the US nonfarm payrolls data and its potential impact on future interest rates.