Indian Stock Market: 8 Key Overnight Changes – Gift Nifty, Powell’s Testimony and More

Markets expected to open cautiously after a sharp fall in previous session; Gift Nifty indicates a mild recovery

February 12, 2025: The Indian stock market is expected to open cautiously on Wednesday, following a sharp decline in the previous session, amid mixed global cues. The Sensex and Nifty 50 saw a sharp correction on Tuesday, driven by foreign capital outflows, weak corporate earnings, and concerns over economic growth.

Also Read: Hyderabad Industrialist Murdered by Grandson Over Property Dispute

Key Overnight Market Developments:

1. Indian Market Performance on Tuesday

Also Read: Elon Musk vs Sam Altman: OpenAI Offers to Buy Twitter to Counter Musk’s Offer on OpenAI

• Sensex plunged 1,018.20 points (-1.32%) to 76,293.60
• Nifty 50 declined 309.80 points (-1.32%) to 23,071.80
• The decline was fueled by Trump’s import tariffs on steel and aluminum, as well as concerns over weak earnings

Also Read: Trump’s Tariffs Trigger Market Crash: Sensex Plunges Over 1,000 Points

2. Asian Markets Performance

• Japan’s Nikkei 225: +0.71%
• Topix: +0.22%
• South Korea’s Kospi: -0.21%
• Hong Kong’s Hang Seng: Positive opening expected

3. Gift Nifty Trends

• Gift Nifty was trading at 23,180, a premium of 27 points, suggesting a mildly positive start

4. Wall Street Performance

• Dow Jones: +0.28% (44,593.65)
• S&P 500: +0.03% (6,068.50)
• Nasdaq: -0.36% (19,643.86)
• Tesla stock fell 6.3%, while Coca-Cola rallied 4.7%

5. Jerome Powell’s Testimony on Interest Rates

• Fed Chair Jerome Powell indicated the US central bank is in no rush to adjust interest rates
• Warned that reducing policy restraint too fast could impact inflation control

6. MSCI Index Changes

• Hyundai Motor India Ltd. added to MSCI Global Standard Index, replacing Adani Green Energy
• 19 Indian small-cap stocks added, while an equal number were removed

7. US Treasury Yields & Dollar Trends

• US 10-year treasury yield rose by 4 basis points to 4.535%
• Dollar index dropped 0.41%, while the Yen weakened

8. Commodity Market Trends

• Crude Oil Prices:
  • Brent crude: $76.70 (-0.39%)
  • WTI crude: $73.01 (-0.42%)
• Gold Prices:
  • Spot Gold: $2,895.23 per ounce (-0.1%)
  • US Gold Futures: $2,923.40 (-0.3%)

With volatile global markets and economic concerns, investors should watch for key domestic trends before making trading decisions.

---

Tags:

Indian Stock Market, Sensex, Nifty 50, Gift Nifty, Jerome Powell, MSCI Index, Fed Interest Rates, Trump Tariffs, Wall Street, Crude Oil Prices, Gold Prices, Market Trends