10 Key Market Changes Overnight: Gift Nifty, Trump Tariff Delay, US Dollar & More
10 Key Market Changes Overnight : The Indian stock market is poised for a strong opening on Thursday, with key global and domestic cues shaping investor sentiment. From Gift Nifty trends to easing trade tensions, here’s everything you need to know about the 10 biggest overnight developments that could impact the market.
1. Asian Markets Rally
Asian stock markets saw strong gains on Thursday, mirroring the overnight rally on Wall Street.
- Japan’s Nikkei 225 jumped 0.76%, while the Topix rose 0.78%.
- South Korea’s Kospi climbed 0.61%, and Kosdaq added 0.38%.
- Hong Kong’s Hang Seng index futures indicated a positive start.
2. Gift Nifty Signals Positive Opening for Indian Markets
Gift Nifty was trading around 22,461, reflecting a premium of nearly 20 points from the previous Nifty futures close. This suggests a flat-to-positive start for Indian indices.
3. Wall Street Soars on Trade Hopes
US stock markets saw a sharp rally as investors reacted to the possible easing of trade tensions.
- Dow Jones surged 485.60 points (1.14%) to 43,006.59.
- S&P 500 climbed 64.48 points (1.12%) to 5,842.63.
- Nasdaq Composite jumped 267.57 points (1.46%) to 18,552.73.
Among key stocks:
- Tesla rose 2.6%, Ford gained 5.8%, and General Motors surged 7.2%.
- Nvidia added 1.13%, while Intel dropped 2.4%.
- CrowdStrike declined 6.3%, while Huntington Ingalls jumped 12.3%.
- Marvell Technology plunged 14.6% in extended trading.
4. US Services PMI Surprises on the Upside
The US services sector showed unexpected growth, with the ISM Non-Manufacturing PMI rising to 53.5 in February, up from 52.8 in January. This signals resilience in economic activity.
5. US Private Payroll Growth Slows
Private payrolls increased by only 77,000 jobs in February, significantly lower than the 186,000 jobs added in January. Economists had expected a 140,000 job increase, indicating a slowdown in employment growth.
6. Trump Delays Auto Tariffs
In a major trade relief, former US President Donald Trump announced a one-month delay on imposing 25% tariffs on automakers from Canada and Mexico. The White House also hinted at potential exemptions for other products.
7. RBI’s Liquidity Measures to Boost Market Sentiment
To tackle liquidity constraints, the Reserve Bank of India (RBI) introduced multiple measures:
- ₹1 lakh crore worth of government bond purchases in two tranches on March 12 and March 18.
- A $10 billion buy/sell USD/INR swap auction for 36 months on March 24.
8. Gold Prices Hold Steady
Gold prices remained largely unchanged as investors awaited the US non-farm payrolls data.
- Spot gold traded at $2,917.90 per ounce.
- US gold futures edged up 0.1% to $2,927.40.
9. Crude Oil Prices Near Six-Month Lows
Oil prices stayed under pressure amid weak demand concerns.
- Brent crude rose 0.32% to $69.52 per barrel, recovering slightly after a 2.45% drop overnight.
- WTI crude climbed 0.35% to $66.54 per barrel.
10. US Dollar Hits Four-Month Low
The US dollar weakened significantly against global currencies.
- The Dollar Index fell 1.2% to 104.29, its lowest level since November 8.
- The Euro strengthened to a four-month high against the dollar.
- The Dollar dropped 0.6% against the Yen to 148.87.
Key Financial Ratios & Market Data
| Index/Stock | Value | % Change |
|---|---|---|
| Sensex | 73,730.23 | +1.01% |
| Nifty 50 | 22,337.30 | +1.15% |
| Dow Jones | 43,006.59 | +1.14% |
| S&P 500 | 5,842.63 | +1.12% |
| Nasdaq Composite | 18,552.73 | +1.46% |
| Nikkei 225 | +0.76% | – |
| Kospi | +0.61% | – |
| Brent Crude | $69.52 per barrel | +0.32% |
| WTI Crude | $66.54 per barrel | +0.35% |
| Gold (Spot) | $2,917.90 per ounce | Steady |
| Dollar Index | 104.29 | -1.2% |
Market Outlook
With global markets rallying, Gift Nifty signaling a positive start, and RBI’s liquidity measures in play, Indian equities are likely to open strong. However, investors should keep an eye on US economic data and trade policy shifts for further cues.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.