Overnight Stock Market Movements: Key Developments 

The Indian stock market benchmark indices, BSE Sensex and Nifty 50, are likely to open lower on Friday as weakness in the overnight global markets and renewed escalation in the US–Iran conflict increased uncertainty around peace talks.

Asian markets declined, while the US stock market closed lower overnight as investors booked profits in technology stocks following the recent rally.

Moreover, on Thursday, the Indian stock market ended marginally lower amid profit booking during a volatile trading session.

Domestic Market Recap

On Thursday, Indian indices closed red:

• Sensex slipped by 114.00 points (0.15%) to close at 77,844.52
• Nifty 50 moved down by 4.30 points (0.02%) to settle at 24,326.65

Gift Nifty

Gift Nifty was trading near 24,283, around 99 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 lower on Thursday as uncertainty surrounding US–Iran peace talks weighed on investor sentiment.

• The Dow Jones Industrial Average slumped by 313.62 points (0.63%) to close at 49, 596.97.
• S&P 500 down by 28.01 points (0.38%), ending at 7,337.11.
• The Nasdaq Composite was lower by 32.75 points (0.13%), finishing at 25,806.20.

Crude Oil Prices

• Brent crude gained by 1.36% to $101.42/barrel
• US West Texas Intermediate (WTI) crude was trading 1.08% higher at $95.83/barrel

Overnight Major Global Events Driving Sentiment

1. US–Iran War: The US–Iran conflict in the Middle East intensified after the United States struck military targets in Iran in response to attacks on three Navy destroyers sailing through the Strait of Hormuz. Iran later said the situation had stabilised, while the US stated that it did not seek further escalation and acted only in retaliation to Iranian strikes.
2. Trump Tariffs: The United States Court of International Trade ruled that the latest 10% temporary global tariffs imposed by President Donald Trump were not justified under a 1970s trade law. However, the court limited relief to two private importers and the Washington state government.

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