Indian Stock Market Today: 8 Key Overnight Developments Impacting Nifty, Sensex on April 16
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.
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.
Here are 8 key overnight developments shaping today’s market action:
Gift Nifty is down nearly 68 points, suggesting a lower opening for domestic indices.
Asian equities opened lower ahead of key Chinese GDP data.
Wall Street ended in the red amid tariff uncertainties, with the Dow falling 155 points and Nvidia plunging over 6% in after-hours trading.
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.
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.
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.
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.
Crude prices moved slightly higher amid geopolitical uncertainty.
Despite recent gains, foreign institutional investors (FIIs) remain wary due to global macro concerns and profit booking, affecting liquidity flows in Indian equities.
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
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