Here's a news article covering the overnight changes in the Indian stock market:

Indian Stock Market: Key Overnight Developments

The Indian stock market is expected to start the day cautiously, influenced by mixed signals from global markets. Several factors have contributed to this outlook, ranging from movements in the Gift Nifty to fluctuations in gold prices and adjustments made by MSCI.

Gift Nifty Indicates Subdued Start

The Gift Nifty was trading around 25,735, a premium of nearly 27 points from the Nifty futures' previous close. Yesterday, Gift Nifty was trading around 24,651, a discount of nearly 22 points from the Nifty futures' previous close, indicating a potentially negative opening for Indian indices. This suggests a slightly positive but still cautious opening for the domestic market.

Global Market Performance: Mixed Cues

Asian markets exhibited a mixed performance. Japan's Nikkei 225 and Topix indices showed gains, with the Topix hitting an all-time high. Other markets, such as South Korea's Kospi, experienced slight declines. Hong Kong's Hang Seng index futures hinted at a weaker opening. The US market presented a similar mixed picture, with the Nasdaq closing at a record high while the Dow Jones Industrial Average and S&P 500 showed losses. The US Manufacturing PMI fell to 48.3 in December, which is weaker than expected.

MSCI Rejig

Changes to the MSCI India Standard Index are set to take place, with implementation slated for the close of November 24. These adjustments typically involve the inclusion and exclusion of certain stocks, which can lead to increased trading activity and price volatility as fund managers rebalance their portfolios to align with the updated index. Recently, Paytm, Fortis, GE Vernova, and Siemens Energy were included in the MSCI India Standard index.

Gold Prices

Gold prices experienced some volatility. Spot gold was at $2,652.30/oz. There was a report that the United States has imposed tariffs on imports of one-kilo gold bars.

Rupee and other Factors

The US dollar traded firmly, with the Japanese yen at 154.17 per dollar and the European currency at $1.0518. Investors are also closely watching the Bank of Japan's stance on monetary policy. Increased activity in the primary market, with multiple IPO listings and openings, could also influence secondary market liquidity.

Indian Market Performance

On the previous day, the Indian stock market closed with minor gains due to buying towards the end of the day, although concerns about tariffs continued to affect sentiment. The Sensex rose by 79.27 points (0.10%) to close at 80,623.26, while the Nifty 50 increased by 21.95 points (0.09%) to settle at 24,596.15.

Analyst Recommendations

Amidst the existing uncertainty, a cautious approach is advised, with a preference for maintaining hedged positions.