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Indian Stock Market Today: 8 Key Overnight Developments Impacting Nifty, Sensex on April 16

Weak Gift Nifty, global tariff jitters, easing inflation, and US-India trade optimism among major cues shaping market sentiment

Mumbai, April 16, 2025 – Indian stock markets are likely to start on a weak note today, tracking global market concerns over trade tensions and cautious investor sentiment. The Gift Nifty was trading around 23,273, indicating a 68-point discount over Nifty Futures’ previous close.

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Despite Tuesday’s robust rally where the Sensex surged 1,577 points and the Nifty jumped 500 points, global cues and inflation updates suggest a mixed opening for today’s trade.

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Here are 8 key overnight developments shaping today’s market action:

1. Gift Nifty Signals Weak Start

Gift Nifty is down nearly 68 points, suggesting a lower opening for domestic indices.

2. Global Market Weakness

Asian equities opened lower ahead of key Chinese GDP data.

Nikkei 225 fell 0.3%
Kospi dropped 0.2%
Hang Seng futures signaled a soft open.

Wall Street ended in the red amid tariff uncertainties, with the Dow falling 155 points and Nvidia plunging over 6% in after-hours trading.

Also Read: ✈️ US-China Trade War Deepens: Beijing Suspends Boeing Aircraft Deliveries Amid Escalating Tariffs

3. India-US Trade Talks Progress

India signed the Terms of Reference for the first phase of a bilateral trade deal with the US, targeting $500 billion in trade by 2030. This move boosts investor confidence in long-term economic cooperation between the two nations.

4. CPI Inflation Cools Down

India’s retail inflation eased to 3.34% in March, the lowest since August 2019, down from 3.61% in February. This strengthens hopes for a prolonged pause in rate hikes by the RBI.

5. Trade Deficit Widens

Despite a 0.7% rise in exports in March to $41.97 billion, India’s trade deficit widened to $21.54 billion due to an 11.3% jump in imports, particularly in energy and electronics.

6. Gold Prices Hit Record High

Gold hit a new all-time high of $3,266.65 per ounce, driven by trade war concerns, a weaker dollar, and safe-haven demand.

7. Crude Oil Remains Volatile

Crude prices moved slightly higher amid geopolitical uncertainty.

Brent crude: $64.77 (+0.15%)
WTI crude: $61.42 (+0.15%)

8. FIIs Turn Cautious

Despite recent gains, foreign institutional investors (FIIs) remain wary due to global macro concerns and profit booking, affecting liquidity flows in Indian equities.

📈 Outlook

With global headwinds, weak global cues, and inflation cooling, markets may remain range-bound to weak in early trade. However, optimism around India’s trade and macro fundamentals may provide buy-on-dip opportunities.

Tags: Indian stock market, Gift Nifty, Sensex today, Nifty 50 outlook, CPI inflation, India-US trade deal, Asian markets, Wall Street, crude oil prices, gold price today, trade deficit India

Mahendra Mohan