10 Overnight Market Updates

The Indian stock market is poised for a strong opening today, buoyed by several global triggers that reversed Monday’s losses. From a ceasefire in the Middle East to a slide in oil prices and expectations of a U.S. interest rate cut, multiple overnight developments have set the stage for investor optimism. Here are the Gift Nifty, Oil & More: 10 Overnight Market Updates that could steer market sentiment and guide trading activity on Tuesday.

1. Gift Nifty Signals Gap-Up Start

Leading the Gift Nifty, Oil & More: 10 Overnight Market Updates is the sharp rise in Gift Nifty. As of early Tuesday, Gift Nifty was trading near the 25,175 level, almost 181 points above the previous Nifty futures close. This premium suggests a gap-up start for both the Sensex and Nifty 50, indicating a positive reaction from traders to the global developments overnight.

2. Ceasefire Between Israel and Iran

Another key highlight in the Gift Nifty, Oil & More: 10 Overnight Market Updates is the dramatic announcement by U.S. President Donald Trump confirming a complete ceasefire between Israel and Iran. The 12-day conflict, which had weighed heavily on global markets, including Indian equities, now appears to be de-escalating. However, Iran’s Supreme Leader Ayatollah Ali Khamenei expressed skepticism and defiance, warning that Iran is “not a nation that surrenders.” Nevertheless, the formal ceasefire going into effect within 12 hours created a positive ripple in Asian and U.S. markets.

3. Global Markets Rebound Sharply

The ceasefire news spurred a rally across major global indices. Japan’s Nikkei 225 surged 1.59%, while South Korea’s Kospi soared 2.09%. The Topix index in Japan rose by 1.32%, and the Kosdaq jumped 1.71%. Hong Kong’s Hang Seng index signaled a higher opening, contributing further to the bullish trend outlined in the Gift Nifty, Oil & More: 10 Overnight Market Updates. The positive sentiment in Asian equities is expected to carry over to the Indian bourses.

4. Wall Street Closes in the Green

The Gift Nifty, Oil & More: 10 Overnight Market Updates also include gains on Wall Street. The Dow Jones rallied 374.96 points (0.89%) to close at 42,581.78. The S&P 500 jumped 57.33 points (0.96%) to 6,025.17, and the Nasdaq gained 183.57 points (0.94%) to end at 19,630.98. The momentum was driven by growing hopes that the U.S. Federal Reserve might begin cutting interest rates as early as July. This dovish tilt adds a significant boost to risk assets, including equities.

5. Crude Oil Prices Tumble

Among the Gift Nifty, Oil & More: 10 Overnight Market Updates, a crucial one is the sharp fall in oil prices. Brent crude slipped 3.78% to $68.78 per barrel, while West Texas Intermediate (WTI) dropped 3.88% to $65.85, both reaching multi-week lows. The dip was triggered by easing war concerns and a likely drop in global energy demand. This is especially positive for India, a major oil importer, potentially easing inflation and fiscal pressure.

6. Gold Prices Hit Two-Week Low

Gold prices are another major element in the Gift Nifty, Oil & More: 10 Overnight Market Updates. Spot gold dropped 0.6% to $3,349.89 an ounce, its lowest level since June 11, as safe-haven demand dwindled after the ceasefire. U.S. gold futures also fell 0.9% to $3,364.20. Lower gold prices may indicate reduced risk aversion among global investors, giving further momentum to equity markets.

7. Dollar Weakens Amid Ceasefire Optimism

Currency markets responded as well. The U.S. dollar dipped following the ceasefire announcement, another key point in the Gift Nifty, Oil & More: 10 Overnight Market Updates. The dollar lost 0.21% against the yen to trade at 145.79. The euro rose 0.21% to $1.1602, while the pound gained 0.18% to $1.3551. A weaker dollar supports emerging market currencies and may lead to inflows into Indian equities.

8. Bond Yields Fall on Rate Cut Expectations

Bond markets reacted positively to dovish comments from the Fed. U.S. 2-year Treasury yields dropped 5.7 basis points to 3.851%, while 10-year yields declined by 3.5 basis points to 4.34%. These movements, integral to the Gift Nifty, Oil & More: 10 Overnight Market Updates, reflect growing confidence in near-term rate cuts and reduced risk premiums in financial markets.

9. Stock-Specific Action: Tesla, Nvidia, and Super Micro

Corporate earnings and sectoral updates also featured in the Gift Nifty, Oil & More: 10 Overnight Market Updates. Tesla shares jumped 8.2%, supported by strong delivery projections. Nvidia saw a modest rise of 0.22%, while Fiserv surged 4.4%. However, Super Micro Computer fell sharply by 9.8%, suggesting profit-booking after a strong rally. Northern Trust was another standout, gaining 8% after upbeat guidance. These movements are likely to influence Indian technology and auto stocks in today’s session.

10. U.S. PMI Data Reflects Stable Activity

Rounding out the Gift Nifty, Oil & More: 10 Overnight Market Updates is macroeconomic data from the U.S. June’s flash PMI readings suggest modest softening in business activity. The Composite PMI slipped to 52.8, slightly down from 53.0 in May. The manufacturing PMI remained unchanged at 52.0, defying forecasts of a decline. The services PMI fell to 53.1, down from 53.7. The numbers indicate a still-expanding economy, reducing the likelihood of a deep slowdown.

Monday Recap: Indian Market’s Previous Session

Before the positive cues emerged overnight, the Indian stock market ended Monday on a sour note. The Sensex fell 511.38 points (0.62%) to 81,896.79, while the Nifty 50 declined 140.50 points (0.56%) to close at 24,971.90. This dip was driven by panic over the Middle East conflict and profit-taking across sectors. With the Gift Nifty, Oil & More: 10 Overnight Market Updates, a strong rebound is now anticipated.

Expert View

Ajit Mishra, SVP – Research at Religare Broking Ltd., said, “In the absence of major domestic catalysts, global cues and crude oil movements will steer the markets. Investors are advised to remain cautious and focus on stocks demonstrating relative strength in this consolidation phase.”

This aligns with the overall theme of the Gift Nifty, Oil & More: 10 Overnight Market Updates, suggesting a tactical shift to stock-specific strategies while monitoring global developments.

What to Watch Ahead

The Gift Nifty, Oil & More: 10 Overnight Market Updates offer a positive outlook for the day, but traders should watch for:

Confirmation of the Israel-Iran ceasefire
Mid-day volatility due to profit-booking
Sector rotation from defensives to cyclicals
Developments in crude and bond markets

Final Thoughts

Today’s market opening is set to reflect optimism from the Gift Nifty, Oil & More: 10 Overnight Market Updates, which signal relief from geopolitical stress, potential monetary easing, and easing commodity prices. With Gift Nifty indicating a strong start and global cues leaning bullish, Indian equities could attempt to reclaim Monday’s lost ground. However, as always, traders should stay alert, as macro headlines can flip market sentiment swiftly.

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