Share Market Today: Sensex, Nifty set to open in green; GIFT Nifty futures up over 150 pts

Share Market Today, August 16: After a holiday, domestic equity benchmarks Sensex and Nifty will likely open positive in today's (August 16) session. At around 7:00 am, GIFT Nifty futures, an early indicator of the Nifty50 index, were up 154 points or 0.64 per cent at 24,329 ahead of opening on Dalal Street.

Global Markets Update: US and Asian stocks higher

Both US and Asian markets indicated positive zones, Nasdaq ended higher, up 2.34 per cent, and MSCI Asia ex Japan is up 1.12 per cent.

Here's a look at all the global key indices:

• MSCI Asia ex Japan up 6.25 points or 1.12 per cent at 564.71
• Japan's Nikkei 225 up 1086 points or 2,96 per cent at 37,813
• Hong Kong's Hang Seng up 205  points or 1.21 per cent
• Nasdaq closed higher, up 401 points or 2.34 per cent at 17,594
• Dow Jones up 554 points or 1.39 per cent at 40,568
• S&P 500 up 88 points or 1.61 per cent at 5,548

Why did US stock market rally?

• For the first time since March 2021, retail inflation has fallen below 3 per cent
• A strong increase in July retail sales
• Fears of an economic recession have subsided
• Now, interest rates are expected to fall faster and further
• No negative news emerged regarding Israel-Iran tensions

On Wednesday, August 14, 2024, domestic headline indices closed in green zone, with Sensex ending higher at 79,105, up 149.85 points or 0.19 per cent, while the 50-share index closed at 24,143, up 4.75 points or 0.02 per cent. Here are the top gainers and losers of the Nifty 50 index:

Nifty 50 top gainers

Nifty 50 top losers

What should investors/traders track today?

Here is a list of stocks that are likely to be in focus today including SBI, Mahindra & Mahindra (M&M), Vedanta Ltd, Hindustan Zinc Ltd (HZL), Punjab National Bank (PNB), Coal India Ltd (CIL), Bharti Hexacom, Capital Small Finance Bank, Container Corp, Elixir, Macrotech, and Page Industries.

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