Several factors have influenced the Indian stock market recently, including global cues, domestic events, and corporate actions. Here's a breakdown of key overnight developments:

1. GIFT Nifty Signals Negative Start: GIFT Nifty was trading around 25,174, a discount of approximately 91 points from the Nifty futures' previous close, which indicated a potentially weak opening for Indian stock market indices.

2. Mixed US Market Performance: The US stock market ended on a mixed note. The Nasdaq Composite closed at a record high, while the Dow Jones Industrial Average and S\&P 500 declined. The S\&P 500 advanced 0.30% to finish at 6,532.04, while the Nasdaq added 0.03% to close at 21,886.06.

3. Asian Markets Traded Lower: Asian markets exhibited a downward trend following the release of US inflation data, which tempered expectations for interest rate cuts by the Federal Reserve. Japan's Nikkei 225 and South Korea's Kospi both experienced declines. Hong Kong’s Hang Seng Index also slipped.

4. US Inflation Data Impacts Rate Cut Expectations: Recent US inflation data showed that consumer prices increased by 0.3% in the last month and 2.7% year-over-year. This increase has led investors to become less optimistic about potential interest rate cuts by the Federal Reserve.

5. Infosys Share Buyback Proposal: The Indian stock market has reacted to Infosys' announcement that its board will meet to consider a proposal for a share buyback. This news has generally been received positively, with the expectation that it could boost the company's stock price. The buyback consideration is slated for September 11, 2025.

6. Rupee and Bond Yields: The Indian rupee edged lower against the dollar, hovering around 88.1150. The yield on India's 10-year benchmark federal paper rose to 6.472%.

7. Commodity Market Trends: MCX Gold futures rose 0.68% to Rs 109,257.

8. India-US Trade Negotiations: A dedicated team from India's Commerce Ministry is in Washington for trade negotiations with the US, which is being closely watched by the market.

9. FII/DII Activity: Monitor the investment patterns of Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII), as their buying and selling decisions can significantly impact market sentiment and direction.

10. Technical Levels to Watch:

    • Nifty 50: Support around 24,700, resistance around 24,948.
    • Bank Nifty: Support between 54,000–53,800, resistance at 54,300–54,600.
    • Sensex: Support between 80,600–80,400, resistance at 81,000–81,300.