Indian Stock Market Today: 10 Overnight Triggers – GIFT Nifty Surge, Trump Tariff Signals, SEBI Reforms

Indian markets poised for a positive open as global cues turn bullish; key developments include US PMI, RBI’s new PSL norms, and SEBI board’s regulatory updates.

Mumbai | March 25, 2025 — The Indian stock market is expected to open higher today, riding on strong global cues and overnight developments, both domestic and international. Here’s a quick look at 10 key factors that changed the game overnight and could influence trading sentiment on Dalal Street.

Also Read: Nifty 50 Turns Green in 2025: Will the Indian Stock Market Rally Sustain?

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🔟 10 Things to Know Before Market Opens

1. Gift Nifty Indicates Positive Start

Gift Nifty was trading at 23,758, nearly 59 points above Nifty futures’ previous close, signaling a strong opening for Nifty 50.

Also Read: Indian Stock Market Rallies for Six Consecutive Sessions: 5 Key Reasons Behind the Surge

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2. Wall Street Rally Boosts Global Sentiment

All three US indices closed significantly higher:

• S&P 500: +1.76% (5,767.57) – highest in over two weeks
• Nasdaq: +2.27% (18,188.59)
• Dow Jones: +1.42% (42,583.32)
  Top gainers: Tesla (+11.93%), AMD (+6.96%), Nvidia (+3.15%)

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3. Asian Markets Open Higher

Major indices in Asia followed suit:

Also Read: India Set to Become Third-Largest Driver of Global Trade Growth: DHL Trade Atlas 2025

• Nikkei 225: +1.15%
• Topix: +0.50%
• Kospi: +0.49%
• Kosdaq: +0.30%
• Hang Seng futures hint at a cautious start.

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4. Trump Tariff Drama Eases

President Donald Trump hinted at a more measured rollout of tariffs on automobiles, aluminum, and pharmaceuticals. Though some tariffs are expected by April 2, he hinted that “many countries” may get exemptions.

He also announced a 25% tariff on countries buying oil/gas from Venezuela.

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5. Strong US PMI Data

• Composite PMI: 53.5 (vs. 51.6 in Feb)
• Manufacturing PMI: 49.8 (vs. 52.7) – slight contraction
• Services PMI: 54.3 (vs. 51.0) – stronger than expected

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6. SEBI Board Meeting Outcome

SEBI has:

• Relaxed norms for foreign investors, AIFs, and RIAs
• Announced it will review conflict of interest rules for members and officials
  This is seen as a regulatory booster for capital markets.

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7. RBI’s Revised PSL Guidelines

Effective April 1, 2025:

• Housing loan limits enhanced
• Loans under renewable energy broadened
• Aimed at improved targeting of priority sector lending (PSL)

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8. Dollar Strengthens Globally

• USD/JPY: above 150
• Dollar Index: 104.3 (4th straight gain)
• EUR/USD: $1.0796
• GBP/USD: $1.2918 (after hitting a two-week low)

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9. Gold Prices Ease

Gold cooled off amid tariff relief and rate-cut uncertainty:

• Spot Gold: $3,010.72/oz
• US Gold Futures: $3,015.10/oz

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10. BoJ Signals Future Rate Hikes

Minutes from the Bank of Japan’s January meeting show policymakers are open to further interest rate hikes after recently raising short-term rates to 17-year highs.

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📉 Market Recap: March 24, 2025

• Sensex: +1,078.87 pts (77,984.38)
• Nifty 50: +307.95 pts (23,658.35)
• Sixth straight session of gains on back of FIIs optimism, global cues, and rate-cut hopes.

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