Introduction: What Changed Overnight in the Indian Stock Market?
If you’ve been tracking the Indian stock market, you know that volatility is part of the game. But last night? That was a rollercoaster. From Gift Nifty today showing a sharp premium to global markets reacting to the surprise Israel-Iran ceasefire, investors are waking up to a market poised for a strong open. Whether you’re a seasoned trader or just dipping your toes into equities, this update gives you the full breakdown of all the key overnight developments that could shake up the indices.
Let’s dive into the top 10 things that changed for the Indian market overnight and what it means for you.
1. Gift Nifty Today Points to a Gap-Up Opening
Let’s start with the most eye-catching stat: Gift Nifty today is trading around the 25,175 level. That’s a solid 181-point premium over the Nifty futures’ previous close. Translation? A gap-up opening is very much on the cards for Tuesday’s trading session.
This surge is largely backed by improving global sentiment, including hopes for interest rate cuts and easing geopolitical tensions.
2. Wall Street Rallies on Fed Rate Cut Optimism
Over in the U.S., the stock market closed on a high. The Dow jumped 374.96 points (0.89%), the S&P 500 added 57.33 points (0.96%), and the tech-heavy Nasdaq surged by 183.57 points (0.94%).
Big names like Tesla (+8.2%) and Northern Trust (+8.0%) led the charge, although Super Micro Computer took a hit, dropping nearly 10%. The underlying reason? Investors are betting big that the Federal Reserve will cut interest rates as early as July.
3. Israel-Iran Ceasefire Shocks the World (In a Good Way)
The biggest geopolitical surprise? Former U.S. President Donald Trump announced a “Complete and Total Ceasefire” between Israel and Iran, officially ending the 12-Day War.
But don’t get too comfortable. Iran’s Supreme Leader Ayatollah Khamenei made it clear that Iran hasn’t “surrendered,” especially after Iran launched missile attacks on a U.S. base in Qatar. So while tensions have cooled, uncertainty still lingers.
4. Asian Markets React Positively to Ceasefire News
Asian indices didn’t waste time reacting.
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Nikkei 225 (Japan): +1.59%
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Topix (Japan): +1.32%
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Kospi (South Korea): +2.09%
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Kosdaq: +1.71%
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Hang Seng (Hong Kong): Pointing to a higher open
The ceasefire helped reduce fears of a prolonged conflict, and the markets responded with enthusiasm.
5. Crude Oil Prices Tumble on Peace Prospects
If there’s one asset that reacts instantly to war or peace, it’s oil. With the ceasefire news, crude oil prices plummeted:
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Brent Crude: Fell 3.78% to $68.78/barrel
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WTI Crude: Dropped 3.88% to $65.85/barrel
These are the lowest prices seen in over a week. Lower crude prices could translate to reduced inflation pressure in India and lower input costs for energy-heavy sectors.
6. Gold Prices Dip as Safe-Haven Demand Falls
War and uncertainty usually push investors toward gold. But with peace talks in motion, the metal lost some of its shine:
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Spot Gold: Down 0.6% to $3,349.89/oz
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US Gold Futures: Down 0.9% to $3,364.20
So, if you’re a gold investor, this is worth watching. For equity investors, it’s just another sign that risk appetite is returning to the markets.
7. The Dollar Slips While Euro and Pound Climb
The dollar also softened after the ceasefire news, with risk sentiment improving globally:
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USD/JPY: Down 0.21% to 145.79
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EUR/USD: Up 0.21% to 1.1602
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GBP/USD: Up 0.18% to 1.3551
Weaker dollar generally supports emerging market flows, which is good news for India.
8. US Treasury Yields Decline on Rate Cut Talk
Adding fuel to the bullish fire, US Treasury yields dropped as Fed Vice Chair Michelle Bowman suggested rate cuts might arrive sooner than expected:
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2-Year Yield: Fell 5.7 basis points to 3.851%
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10-Year Yield: Dropped 3.5 bps to 4.34%
Lower yields tend to benefit growth stocks and emerging markets, giving another push to indices like Sensex and Nifty 50.
9. US PMI Shows Slowing Growth – But It’s Not All Bad
According to S&P Global, U.S. business activity slowed slightly in June. The flash PMI numbers:
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Composite PMI: 52.8 (down from 53.0)
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Manufacturing PMI: Flat at 52.0
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Services PMI: Dipped to 53.1
The silver lining? Growth is still happening—it’s just a bit more measured. That could encourage the Fed to go easy on rate hikes, which is bullish for equities.
10. Monday Was Rough for Indian Markets—But That Might Change
Before we get too excited, let’s not forget that the Indian market closed sharply lower on Monday. Here’s a quick look:
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Sensex: Down 511.38 points (0.62%)
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Nifty 50: Lost 140.50 points (0.56%)
The drag was driven by concerns over the Middle East war and global economic jitters. But with the latest news flow and Gift Nifty today signaling a positive open, sentiment is shifting fast.
Conclusion
So, where does this leave you? If you’ve been sitting on the sidelines, now might be a good time to re-enter the market—but cautiously. With Gift Nifty today pointing to a strong open and global cues looking bullish, selective stock-picking based on strength could yield solid returns.
But remember: It’s not about jumping into every rally. Markets are still digesting big macro news, and the landscape can shift overnight. Stick to quality stocks, avoid over-leveraging, and keep an eye on crude, currencies, and the Fed.
Read More: Brent Crude Price Soars 13% Amid Israel-Iran Conflict: Could $110 Oil Be Next?
Final Thoughts
The global chessboard has shifted. From oil plunges to tech rallies, from ceasefires to interest rate cuts—this is one of those mornings that could define the market’s tone for the week. Gift Nifty today is your early signal that things are looking up, but don’t ignore the underlying risks.
Trade wisely, stay informed, and keep your finger on the pulse.
