Gift Nifty cues, easing US–Iran tensions, and rallies in Nasdaq and Nikkei highlight eight key overnight factors shaping the Indian stock market.
Gift Nifty was hovering near the 22,870 mark, trading at a premium of about 444 points compared to the previous close of Nifty futures, suggesting a gap-up opening for Indian benchmark indices. India’s key stock indices, Sensex and Nifty 50, are poised to open on a positive note on Wednesday, tracking a surge in global equities amid optimism that the US–Iran conflict in the Middle East may de-escalate. Across Asia, markets moved higher, while Wall Street saw a sharp overnight rally. The S&P 500, Nasdaq, and Dow Jones Industrial Average posted their strongest single-day gains since May 2025. Domestic markets remained shut on Tuesday, March 31, due to Mahavir Jayanti. In the previous session on Monday, Indian equities had ended significantly lower, weighed down by concerns over the US–Iran tensions and their potential impact on India’s macroeconomic outlook. The Sensex plunged 1,635.67 points (2.22%) to settle at 71,947.55, while the Nifty 50 dropped 488.20 points (2.14%) to close at 22,331.40. Market sentiment is expected to stay cautious, with crude oil prices, currency movements, and foreign institutional flows likely to dictate short-term trends. Volatility may remain elevated given the uncertain global backdrop. Asian Markets Update Asian equities rebounded strongly on Wednesday, supported by hopes of a possible resolution to the US–Iran conflict. The MSCI Asia Pacific Index rose 1.6%. Japan’s Nikkei 225 surged 3.64%, while the Topix climbed 3.17%. South Korea’s Kospi advanced 5.32%, and the Kosdaq gained 4.13%. Futures for Hong Kong’s Hang Seng Index also संकेत a higher opening. Gift Nifty Update Gift Nifty continued to trade around the 22,870 level, maintaining a premium of nearly 444 points over the previous Nifty futures close, reinforcing expectations of a strong start for Indian markets. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.