Indian stock market: 6 key things that changed for market overnight - Gift Nifty to Trump Tariffs

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

Asian markets gained, while the US stock market ended higher overnight.

On Tuesday, the Indian stock market ended a highly volatile session with modest gains, extending its winning streak to seven consecutive sessions.

The Sensex rose 32.81 points, or 0.04%, to close at 78,017.19, while the Nifty 50 settled 10.30 points, or 0.04%, to close at 23,668.65.

“The market managed to close in the green for the seventh consecutive trading session on Tuesday, which suggests there is continued buying interest in domestic equities. We expect the market to continue with a gradual up-move on the back of FII inflows, strong INR and positive cues from the US market,” said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Here are key global market cues for Sensex today:

Asian Markets

Asian stocks saw modest gains in early Wednesday trading as investors looked for direction amid weaker U.S. consumer confidence and a late rally in U.S. markets.

Indexes in Sydney and Tokyo edged higher, while futures signaled slight gains for Hong Kong. The S&P 500 rose 0.2% on Tuesday, marking its longest winning streak in nearly seven weeks after fluctuating for most of the session, despite a decline in consumer confidence.

Gift Nifty Today

Gift Nifty was trading around 23,757 level, a premium of nearly 50 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

Wall Street

U.S. stock futures inched up, aiming to build on Wall Street's Monday rally despite concerns sparked by President Donald Trump’s latest tariff threats.

The S&P 500 edged up by 0.2%, the Dow Jones Industrial Average gained 0.1%, and the Nasdaq Composite also increased by 0.2%.

Trump Media & Technology stock surged 8.8% after the parent company of Truth Social announced a partnership with Crypto.com to introduce a range of "America-First" investment funds.

Trump Tariffs

U.S. President Donald Trump's reciprocal tariffs continue to create uncertainty among market participants. While he may consider reducing some of the broader tariffs initially planned for India, new threats have emerged, including a potential 25% "secondary tariff" on countries like India and China that import oil from Venezuela.

US Dollar

The dollar index, which tracks the greenback against a basket of currencies and had strengthened due to tariff expectations, dipped 0.1% to 104.19 after reaching a three-week high of 104.46.

Gold Prices

Gold prices climbed on Tuesday, driven by safe-haven demand amid uncertainty surrounding U.S. President Donald Trump's upcoming tariff plans, which could potentially fuel inflation.

As of 12:51 p.m. ET (1751 GMT), spot gold had risen 0.3% to $3,021.88 per ounce, while U.S. gold futures closed 0.3% higher at $3,025.90.

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