Indian Stock Market Update: Key Overnight Changes – Gift Nifty, Nvidia Q4 Results, Trump Tariffs & More

Sensex and Nifty expected to open flat amid mixed global cues; Gift Nifty indicates a positive start while Nvidia’s strong Q4 earnings drive tech sentiment.

February 27, 2025: The Indian stock market is set for a flat-to-positive opening on Thursday, following a mixed trend in global markets. Key indicators such as Gift Nifty, Nvidia’s Q4 results, and Trump’s proposed tariffs are influencing investor sentiment.

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On Tuesday, the market closed with Sensex gaining 147.71 points (0.20%) at 74,602.12, while Nifty 50 fell slightly by 5.80 points (0.03%) to settle at 22,547.55. The market remained closed on Wednesday due to Mahashivratri.

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Key Market Updates:

1. Gift Nifty Signals a Flat-Positive Start

Gift Nifty traded around 22,600, reflecting an 18-point premium over the Nifty futures’ previous close.

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2. Asian Markets Show Mixed Trends

• Japan’s Nikkei 225 gained 0.32%, while Topix rose 0.26%.
• South Korea’s Kospi declined 0.2%, whereas Kosdaq added 0.26%.
• Hong Kong’s Hang Seng index signaled a weaker opening.

3. Wall Street Ends Mixed

• Dow Jones fell 188.04 points (-0.43%) to 43,433.12.
• S&P 500 gained 0.01% to 5,956.06.
• Nasdaq Composite rose 0.26% to 19,075.26.

4. Nvidia’s Strong Q4 Earnings Drive Tech Stocks

• Nvidia reported $39.3 billion in revenue, up 78% YoY.
• Net income surged to $22.06 billion, beating analyst expectations.
• Stock price surged 3.7%, influencing overall tech sentiment.

5. Trump’s Tariff Announcement Creates Uncertainty

• 25% tariffs on EU imports are expected soon.
• New tariffs on Mexico and Canada delayed until April 2.

6. US Home Sales Drop by 10.5%

• The housing sector saw a decline due to high mortgage rates and harsh winter conditions.

7. Bharti Airtel-Tata Play Merger Talks Underway

• Airtel and Tata Group are in discussions for a DTH business merger between Bharti Telemedia and Tata Play.

8. Gold Prices Rise Amid Inflation Concerns

• Spot gold increased by 0.1% to $2,918.22 per ounce.
• US gold futures traded at $2,932.30 per ounce.

9. US Dollar Strengthens

• The Dollar Index climbed 0.21% to 106.46.
• The Euro declined 0.26% to $1.0486, while the Japanese Yen weakened to 148.96 per dollar.

10. Crude Oil Prices Edge Higher

• Brent crude gained 0.34% to $72.78 per barrel.
• WTI crude rose 0.25% to $68.79 per barrel.

Market Outlook

With global uncertainties surrounding Trump’s trade policies and fluctuating foreign institutional investments (FII), analysts expect a subdued market trend in the short term. However, tech stocks, led by Nvidia, could provide a positive push.

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