Indian Stock Market Sees Overnight Shifts Amid Global Selling Pressure and China's Lending Rate Cut

Indian Stock Market Overview

Market Opening: The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Tuesday, following weak sentiment in global markets.

Global Market Cues: Asian markets traded mixed, while the US stock market ended sharply lower overnight as uncertainty over tariff policy rattled investors. The MSCI's broadest index of Asia-Pacific shares outside Japan was last down 0.2%. Japan's Nikkei 225 rose 0.77%, while the Topix was flat.

Gift Nifty: Gift Nifty was trading around 25,622 level, a discount of nearly 83 points from the Nifty futures' previous close, indicating a negative start for the Indian stock market indices.

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US Stock Market: The Dow Jones Industrial Average declined 821.91 points, or 1.66%, to 48,804.06, while the S&P 500 dropped 71.76 points, or 1.04%, to 6,837.75. The Nasdaq Composite closed 258.80 points, or 1.13%, lower at 22,627.27.

Key Stock Performances: Nvidia stock price rose 0.91%, Microsoft shares declined 3.21%, AMD shares fell 1.77%, Amazon share price dropped 2.30%, Apple stock price gained 0.60%, and Tesla stock price plunged 2.91%. Domino's Pizza shares rallied 4.1% and PayPal shares jumped 5.8%.

National Monetisation Pipeline: Finance Minister Nirmala Sitharaman released the National Monetisation Pipeline (NMP) 2.0, which targets to mobilise ₹10 lakh crore over a period of 5 years. The NMP 2.0 estimates aggregate monetisation potential of ₹16.72 lakh crore, including private sector investment of ₹5.8 lakh crore under the asset monetisation pipeline of Central ministries and public sector entities over the five-year period from FY 2026 to FY 2030.

US Factory Orders: New orders for US factory goods fell in December amid a sharp decline in commercial aircraft bookings. Factory orders dropped 0.7% after an unrevised 2.7% increase in November. Orders advanced 3.7% on a YoY basis in December.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

China LPR: China left benchmark lending rates unchanged for a ninth consecutive month in February. The one-year loan prime rate (LPR) was kept at 3.0%, while the five-year LPR was unchanged at 3.5%.

Gold and Crude Oil Prices: Gold prices rose for a fifth day amid uncertainty over US trade policy and prolonged tensions around Iran. Gold prices rose 0.2% to $5,238.65 an ounce, while silver price rose 0.3% to $88.49. Crude oil prices steadied as US President Donald Trump said his preference was for a nuclear deal with Iran ahead of talks between the two nations this week. Brent crude oil price fell 0.29% to $71.28 a barrel, while the US West Texas Intermediate (WTI) crude futures declined 0.30% to $66.12.