8 things that changed for market overnight - Gift Nifty, Russia-Ukraine peace talks to gold rates

By Admin

03 Dec, 2025

Global cues turned mixed overnight, setting the stage for a cautious opening for Indian markets on Wednesday. Gift Nifty hinted at a flat start, while global equities found support from gains in US tech stocks and improving sentiment around rate cuts. At the same time, geopolitical updates, commodity price movement, and macroeconomic indicators shaped market expectations for the day.

Here are the 8 key developments investors need to know:

1. Gift Nifty Signals Flat Opening
Gift Nifty was trading around the 26,209 level, at a discount of nearly 4 points from the Nifty futures’ previous close. This indicates a muted start for Indian stock market indices, in line with global sentiment.

2. Sensex & Nifty Likely to Open Muted After Tuesday’s Fall
Indian markets extended losses for a third straight session on Tuesday, weighed down by a weak rupee and persistent foreign fund outflows.
• Sensex dropped 503.63 points (0.59%) to 85,138.27
• Nifty 50 slipped 143.55 points (0.55%) to 26,032.20

Analysts note that elevated valuations, uncertainty around the Indo-US trade deal, and a falling rupee are adding to investor anxiety.

3. Asian Markets Trade Higher
Most Asian markets opened in green following Wall Street’s overnight rebound:
• Nikkei 225 up 0.75%
• Topix index remained flat
• Kospi gained 0.82%
• Kosdaq rose 0.10%
• Hang Seng futures, however, indicated a weaker start

Positive momentum came largely from hopes of a US Fed rate cut and tech-led global recovery.

4. Wall Street Extends Rally
US markets recorded their sixth gain in seven sessions, supported by strong tech stock performance:
• Dow Jones: +185.13 points (0.39%) to 47,474.46
• S&P 500: +16.74 points (0.25%) to 6,829.37
• Nasdaq: +137.75 points (0.59%) to 23,413.67

Key movers:
• Apple +1.09%
• Nvidia +0.86%
• AMD –2.06%
• Microsoft +0.67%
• Intel +8.65%
• Boeing +10.15%
• Tesla –0.21%

5. Russia-Ukraine Peace Talks Show Progress
A significant geopolitical development came from the Kremlin.
Yuri Ushakov, senior adviser to President Vladimir Putin, said discussions with the US on ending the Ukraine war were constructive though more work remains.

Putin met US envoy Steve Witkoff and Jared Kushner, signalling renewed diplomatic effort.

6. Japan Services PMI Continues Steady Growth
Japan’s services sector showed consistent expansion in November.
• Services PMI rose to 53.2, up from 53.1 in October.
This indicates ongoing resilience in the world’s third-largest economy, supporting broader market sentiment in Asia.

7. Cryptocurrencies Bounce Back
After a steep correction a day earlier, major cryptocurrencies regained lost ground:
• Bitcoin surged 6.14% to $91,908
• Ether rallied 7.64% to $3,013
Renewed investor appetite and global risk-on sentiment supported the rebound.

8. Gold & Crude Oil Remain Steady
Gold Prices:
Following a 1% drop earlier, gold steadied:
• Spot gold at $4,207.43/oz
• US gold futures up 0.5% at $4,239.50/oz

Crude Oil Prices:
Oil traded flat as markets assessed the impact of potential Russia-Ukraine peace progress:
• Brent crude $62.47 (+0.02%)
• WTI crude $58.65 (+0.02%)

Conclusion
With Gift Nifty indicating a flat start and global markets showing mixed trends, Indian equities may remain range-bound today. Investors will track foreign fund flows, rupee movement, geopolitical updates, and US Federal Reserve cues closely.