Stock Market Today: Holi improves in the market, Sensex opens with a jump of 300 points, Nifty looks bullish

BSE Sensex Today: As the new week begins today in the stock market, how will the day be today amid global market cues? Knowing and understanding the signals before the market opens can be beneficial.

The Indian stock market managed to close higher last week following positive comments from Fed officials. But, there are mixed signals for the local stock market today. Adani Group stocks will once again be watched this week. Apart from this, the market will also keep an eye on economic data including US bond yields. Investors will also be watching the IIP data to be released on March 10.

Currently SGX Nifty is trading in red mark. American futures are not seeing much action. Let us further find out what are the triggers for the market today and which stocks will be in particular focus.

Signals from US markets

The US stock market closed higher on Friday. But, pending comments from Jerome Powell and ahead of the release of economic data, there isn’t much momentum in American futures right now. The Dow Jones closed Friday up 1.17%, the S&P 1.61% and the Nasdaq about 2% higher. The yield on the 10-year US bond exceeded 4% on several occasions last week. After this bond increases, the cost of debt increases for consumers. This is also seen as a drop in investor confidence.

European and Asian markets

European markets closed higher on Friday. However, most European markets are also under pressure. When talking about the Asian markets, mixed business is being seen after China announced its GDP target. Nikkei and Kospi indices are trading with gains of more than 1%. So the Hang Seng and Shanghai Composite Index are trading lower.