Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US-China trade talks to Trump tariffs

By Admin

30 Jul, 2025

The Indian stock market is poised for a muted start on Wednesday, influenced by a mix of global and domestic factors. While Tuesday's session ended on a positive note with the Nifty 50 climbing above the 24,800 mark, global headwinds and uncertain cues point towards a cautious trading day ahead. Here are eight key developments that shaped the market sentiment overnight:

1. Muted Signals from GIFT Nifty

GIFT Nifty, the indicator for Indian market opening, was trading around the 24,821 level, showing a discount of nearly 17 points from the previous close of Nifty futures. This suggests a subdued opening for the benchmark indices, signaling caution among traders and investors.

2. Mixed Asian Market Cues

Asian markets presented a mixed picture. Japan’s Nikkei 225 dropped 0.17%, Topix remained flat, South Korea’s Kospi advanced 0.53%, and Kosdaq rose 0.42%. However, Hong Kong’s Hang Seng futures pointed to a weaker opening, largely weighed down by trade tensions and tariff uncertainty.

3. Wall Street Ends Lower

The US stock markets closed in the red on Tuesday. Disappointing corporate earnings and anticipation surrounding the Federal Reserve’s policy decision contributed to the decline.

• Dow Jones fell 204.57 points (0.46%)
  
  

• S&P 500 declined 18.91 points (0.30%)
  
  

• Nasdaq Composite shed 80.29 points (0.38%)
  
  

Notably, UPS plunged 10.6%, Whirlpool dropped 13.4%, and Boeing fell 4.4%, indicating broad-based investor concerns.

4. US-China Trade Talks – No Breakthrough Yet

US and Chinese officials held talks in Stockholm, agreeing to extend negotiations. However, there were no significant breakthroughs. The fate of the 90-day tariff truce now lies in the hands of President Trump, with the current agreement set to expire on August 12.

5. Trump’s Tariff Threat to India

In a fresh blow to trade sentiment, US President Donald Trump hinted at the possibility of imposing tariffs as high as 25% on Indian exports. While no final decision has been made, the remark adds another layer of uncertainty to the already delicate India-US trade relationship.

6. Gold Prices Hold Steady

Investors turned to safe-haven assets ahead of the Federal Reserve policy announcement.

• Spot gold was steady at $3,329.19 per ounce
  
  

• US gold futures edged up 0.1% to $3,327.70
  
  

Gold's performance is being closely watched for signs of rate cuts or dovish stance by the Fed.

7. Dollar Index Near One-Month High

The dollar index was seen at 98.815, nearing its one-month high.

• Euro gained 0.12% to $1.1558
  
  

• Sterling stood at $1.3358
  
  

• Japanese Yen firmed slightly to 148.20 per dollar
  
  

Currency movement reflects investor caution amid tariff discussions and global policy changes.

8. Crude Oil Prices Surge

Oil prices surged after Trump’s warning of additional penalties on Russia, adding volatility to the energy markets.

• Brent crude rose 0.12% to $72.60/barrel
  
  

• WTI futures were flat at $69.20/barrel
  
  

This marks the largest gain in six weeks, reflecting geopolitical tensions and market recalibrations.

Indian Market Recap – Tuesday’s Session

Despite the global nervousness, the Indian stock market closed higher on Tuesday, led by fag-end short-covering:

• Sensex gained 446.93 points to close at 81,337.95
  
  

• Nifty 50 ended 140.20 points higher at 24,821.10
  
  

Siddhartha Khemka of Motilal Oswal Financial Services commented, “Markets are expected to witness selective buying, driven by quarterly results, while the broader sentiment would hinge on macroeconomic data and progress in the India-US trade deal.”

Conclusion
While the Indian stock market starts Wednesday on a cautious note, multiple factors – including tariff tensions, US-China negotiations, corporate earnings, and central bank cues – will dictate the trajectory. Investors are advised to remain vigilant, focusing on macro data, geopolitical signals, and domestic earnings before making any strategic decisions.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of this publication. We advise investors to check with certified experts before making any investment decisions.