Stock Market Live: Gift Nifty signals gap-down open; Nikkei slides 2% after BoJ hints rate hike | News on Markets
Stock market updates on April 05, 2024: Benchmark indices may start Friday's trading session on a tepid note amid weak cues from global peers. The focus, however, will be on the RBI policy announcement at 10 AM.
At 08:20 am, Gift Nifty futures quoted around 22,525, suggesting a likely gap-down of 100-odd points on the Nifty 50.
Overnight, the US market reversed course and ended with sharp losses as Fed officials cautioned on expecations of early rate cuts, and stressed that inflation needs to be closely watched. The focus now shifts on the job report due tonight.
The S&P 500, Dow Jones and Nasdaq dropped over 1 per cent each. Meanwhile, the US 10-year bond yield contiunued to hover around elevated levels of 4.30 per cent. Brent Crude Oil futures topped th...
