Overnight Stock Market Movements: Key Developments 

The Indian stock market benchmark indices, BSE Sensex and Nifty 50, are likely to open lower on Tuesday, tracking weak overnight global market cues as investors remain cautious amid uncertainty surrounding the US–Iran peace negotiations.

Asian markets traded lower, while the US stock market ended higher overnight, with the Nasdaq Composite and S&P 500 closing at record highs.

However, on Monday, the Indian stock market extended its losing streak for a fourth straight session as concerns over elevated crude oil prices and the absence of a breakthrough in the US–Iran conflict continued to weigh on investor sentiment.

Domestic Market Recap

On Monday, Indian indices red:

• Sensex slumped by 508.40 points (0.68%) to close at 74,267.34
• Nifty 50 moved down by 165.15 points (0.70%) to settle at 23,382.60

Gift Nifty

Gift Nifty was trading near 23,312, around 150 points lower than the previous Nifty futures close, hinting at a negative start for Indian markets.

Overnight Wall Street Performance

The US stock market closed with modest gains on Monday, driven by a rally in technology stocks that lifted overall market sentiment.

• The Dow Jones Industrial Average gained by 46.42 points (0.09%) to close at 51,078.88.
• S&P 500 was up by 19.90 points (0.26%), ending at 7,599.96.
• The Nasdaq Composite was higher by 114.19 points (0.42%), finishing at 27,086.81.

Crude Oil Prices

• Brent crude gained by 0.06% to $95.04/barrel
• US West Texas Intermediate (WTI) crude was trading 0.18% lower at $91.99/barrel

Overnight Major Global Events Driving Sentiment

1. US–Iran War: While the United States claimed that negotiations for a peace deal with Iran were progressing rapidly, reports indicated that Tehran had suspended all peace talks in protest against Israel’s actions in Lebanon and military calls for operations targeting southern parts of Beirut.
2. India–US Trade Deal: India and the United States have moved closer to finalising the first tranche of a bilateral trade agreement (BTA). Commerce and Industry Minister Piyush Goyal said that only a few minor issues remain before the agreement can be concluded.
3. India Fiscal Deficit: India’s fiscal deficit jumped to Rs 3.62 lakh crore in April, nearly double the Rs 1.86 lakh crore recorded in the same month last year. The deficit accounted for 21.4% of the government’s FY27 budget target of Rs 16.96 lakh crore.
4. IIP Data: India’s industrial output, measured by the Index of Industrial Production (IIP), grew 4.9% year-on-year in April. The data release marked the first publication under the new IIP series with 2022–23 as the base year. In comparison, factory output had expanded by 5.7% in April 2025.

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