Indian Stock Market Sees Overnight Shifts: Key Changes Impact Nifty, Global Indices

Indian Stock Market Expected to Open Lower Amid Global Uncertainty

The Sensex and Nifty 50 are expected to open lower on Wednesday, following sharp losses in the global markets as the escalating US-Israeli air strikes against Iran heightened geopolitical uncertainty.

Global Market Cues

Asian markets traded lower, with Japan's Nikkei 225 declining 2.5% in a third straight session of losses, while South Korea's Kospi crashed 7.24% and the Kosdaq plunged 5.56%. Hong Kong Hang Seng index futures indicated a lower opening.

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In the US, the S&P 500 closed below its 100-day moving average for the first time since November 20, while the Dow Jones Industrial Average declined 403.51 points, or 0.83%, to 48,501.27. The Nasdaq Composite closed 232.17 points, or 1.02%, lower at 22,516.69.

Key Market Movements

• Gift Nifty: Trading around 24,432 level, a discount of nearly 550 points from the Nifty futures' previous close, indicating a massive gap-down start for the Indian stock market indices.
• Nvidia stock price: Dropped 1.27%
• AMD shares: Fell 3.86%
• Microsoft shares: Gained 1.35%
• Apple stock price: Eased 0.37%
• Blackstone shares: Plunged 3.8%
• Tesla stock price: Declined 2.70%

Economic Indicators

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• India's industrial production growth: Decelerated to a three-month low of 4.8% in January.
• US Treasury yields: Rose for a second straight session, with the yield on the benchmark US 10-year Treasury note rising 0.4 basis point to 4.056%.

Currency and Commodities

• US dollar index: Steady at 99.103, its strongest since November 28.
• Gold price: Rose 1%, rebounding from a more than one-week low hit in the previous session.
• Crude oil prices: Rallied as the ongoing war in the Middle East raised fears of supply disruptions, with Brent crude oil price surging 1.30% to $82.46 a barrel.