7 things that changed for market overnight- Gift Nifty, Wall Street’s record close to Tesla shares

By Admin

03 Oct, 2025

The global financial markets remained active overnight, with key developments across equities, commodities, and currencies shaping the outlook for investors on Friday. With mixed global cues, the Indian stock market is expected to see a cautious start. Here are the seven important updates that investors need to know today.

1. Gift Nifty Trends

Gift Nifty was trading around the 24,942 level early Friday, showing a discount of nearly 25 points from the Nifty futures’ previous close. This indicates a weak opening for Indian stock market indices, pointing towards a muted start to the session.

2. Indian Market Outlook

After being closed on Thursday for Dussehra and Gandhi Jayanti, Indian markets return today following a strong performance mid-week. On Wednesday, the Sensex jumped 715.69 points (0.89%) to 80,983.31, while the Nifty 50 surged 225.20 points (0.92%) to 24,836.30. Gains were supported by the RBI’s decision to keep repo rates unchanged and announce several banking sector measures. Analysts expect festive demand, accommodative policy, and favorable monsoons to support positive momentum going forward.

3. Asian Market Performance

Asian markets traded mostly higher, mirroring Wall Street’s overnight gains. Japan’s Nikkei 225 climbed 1.36%, while the Topix index gained 0.35%. However, Hong Kong’s Hang Seng futures signaled a slightly lower opening. Meanwhile, Chinese and South Korean markets remained shut for holidays.

4. Wall Street Hits Fresh Record Highs

US stock market indices closed at record highs on Thursday, driven by technology stocks despite the ongoing government shutdown. The Dow Jones Industrial Average rose 78.62 points (0.17%) to 46,519.72, the S&P 500 inched up 4.15 points (0.06%) to 6,715.35, and the Nasdaq Composite advanced 88.89 points (0.39%) to 22,844.05.

5. Tesla and Tech Stocks in Focus

Among tech majors, Nvidia gained 0.91%, AMD rallied 3.49%, Intel jumped 3.78%, and Apple advanced 0.66%. However, Tesla shares plunged 5.11% even after the company reported record vehicle deliveries of 497,099 units globally, up 7.4% year-on-year. The decline came as investors booked profits after a surprise jump in sales ahead of the expiry of federal tax credits. Berkshire Hathaway shares fell 0.5% and Occidental Petroleum declined sharply by 7.3%.

6. Commodities Update: Gold and Crude Oil

Gold prices retreated after a five-day rally, with spot gold slipping 0.2% to $3,856.58 an ounce as the US dollar strengthened. Crude oil saw modest gains but was still on track for its biggest weekly decline since late June. Brent crude rose 0.45% to $64.40 a barrel, while WTI futures gained 0.46% to $60.76 ahead of the OPEC meeting.

7. US Government Shutdown Concerns

The US government shutdown entered its second day, with President Donald Trump announcing plans to meet Budget Director Russell Vought to discuss potential workforce cuts. Markets remained resilient despite the political uncertainty, reflecting investor confidence in tech-driven growth.

Market Outlook for India

With Gift Nifty indicating a mild negative start, Indian equities may trade cautiously on Friday. However, strong global tech momentum, festive demand, and the RBI’s accommodative stance could provide support. Investors are advised to remain selective and focus on quality stocks amid global uncertainties.

Disclaimer: The views and recommendations expressed in this article are based on inputs from market analysts and research agencies. Investors are advised to consult certified experts before making investment decisions.