Here's a news article summarizing the overnight changes impacting the Indian stock market:

Indian Stock Market: Overnight Shifts – Gift Nifty, Global Market Trends, and Gold

Indian stock markets are expected to react to a mix of global cues, including movements in the Gift Nifty, fluctuations in US markets like the Dow Jones, trends in Asian markets such as the Nikkei, and changes in gold prices. Several factors point towards a potentially volatile trading day.

1. Gift Nifty Signals Subdued Start:

The Gift Nifty was trading around 25,848, a discount of approximately 106 points from Nifty futures' previous close, suggesting a potentially weak opening for domestic indices. Earlier in the day, it showed a mildly positive opening, trading at 25,884.50. The Gift Nifty, a US dollar-denominated derivative contract based on the Nifty 50, serves as an early indicator for the Indian market's direction. It allows global investors to participate in Indian equity derivatives, mitigating currency risks and time zone differences.

2. Wall Street Declines:

US stock markets experienced a sharp decline, fueled by concerns over inflation and its potential impact on interest rate cuts. The Dow Jones Industrial Average fell by 1.65% to 47,457.22, the S&P 500 decreased by 1.66% to 6,737.49 and the Nasdaq Composite dropped 2.29% to 22,870.36. Technology stocks were particularly affected, with Nvidia, Tesla, Broadcom, AMD, Microsoft, and Oracle all recording significant losses.

3. Asian Markets Follow Suit:

Most Asian markets traded lower, mirroring the overnight losses on Wall Street. Japan's Nikkei 225 fell by 1.31%, and the Topix declined by 1.03%. South Korea's Kospi slipped 2.51%, while the Kosdaq dropped 1.42%. Hong Kong's Hang Seng Index futures also indicated a lower opening.

4. Gold Prices Rise:

Amidst the market uncertainty, gold prices edged higher, supported by a weaker dollar. Spot gold rose 0.3% to $4,183 per ounce.

5. Other Factors:

• Global Market Signals: Overnight, the Dow Jones fell by 1.65%, the S&P 500 by 1.66%, and the Nasdaq Composite fell by 2.29%. Asian markets also opened lower. The Nikkei Index fell by 1.65%, the Hang Seng Index by 1.13%, the TOPIX by 0.82%, and the JPX Nikkei Index 400 by 0.74%.
• Commodities and Currency Highlights: Oil prices increased by 1.97%. The Indian rupee fell 0.098 paise and was trading at 88.68 per US dollar. Gold prices also rose for the sixth straight session at ₹1,35,933.40 per 10 grams.

In Conclusion:

The Indian stock market faces a potentially volatile session, influenced by negative cues from global markets, particularly Wall Street's decline. Investors are closely monitoring the Gift Nifty for early signals. While Asian markets are trading lower and gold prices are rising, these factors could contribute to market uncertainty.