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

Indian Stock Market Navigates Global Crosscurrents

The Indian stock market is poised for a potentially volatile session, influenced by a complex interplay of international and domestic factors. Overnight developments range from subtle shifts in the GIFT Nifty to critical, albeit uncertain, progress in Russia-Ukraine peace talks and fluctuations in gold rates. Investors are also closely monitoring other key triggers, including the Reserve Bank of India (RBI) policy announcements, movement in crude oil prices, and foreign institutional investment trends.

GIFT Nifty Signals Tentative Start

The GIFT Nifty, a derivative contract that tracks the performance of the Nifty 50 index and is traded on the NSE International Exchange (NSE IX), provides an early glimpse into market sentiment. Formerly known as SGX Nifty, it allows international investors to participate in the Indian equity market. Recent trading suggests a mildly positive, to subdued, opening for Indian indices. As of this morning, the GIFT Nifty was trading around 26,420, a slight premium over the previous Nifty futures close. This indicates a potentially positive, but not overwhelmingly bullish, start for the Sensex and Nifty.

Russia-Ukraine Peace Talks: A Glimmer of Hope, Clouded by Uncertainty

Efforts to broker peace between Russia and Ukraine continue, with the United States playing a key mediating role. While reports suggest that Ukraine has agreed to the "core terms" of a peace proposal, a Russian government spokesperson has stated that it is "premature" to say a resolution is close. Negotiations are ongoing, but key sticking points remain, particularly regarding territorial issues.

Adding to the uncertainty, Russian President Vladimir Putin issued a warning to Europe, stating Russia's readiness for military confrontation if initiated by Europe. He also accused European allies of Ukrainian President Volodymyr Zelenskyy of hindering the U.S.-led negotiations by putting forward demands "absolutely unacceptable" to Russia.

Gold Prices Steady Amidst Interest Rate Speculation

Gold prices have been closely watched as investors try to predict potential interest rate cuts by the U.S. Federal Reserve. Gold has historically been seen as a hedge against inflation, making it an attractive investment during times of economic uncertainty. Spot gold prices have recently risen to two-week highs, fueled by increased bets on a rate cut.

As of December 3, 2025, the price of gold in India is ₹12,986 per gram for 24 karat gold. The spot price for 1 gram of gold in the US is $135.29.

Other Influencing Factors

Besides the above, several other factors are expected to influence the Indian stock market:

• Global Market Cues: Asian markets have traded mixed, while US stock market futures have remained relatively flat.
• Crude Oil Prices: Movements in crude oil prices continue to be a key factor, impacting the broader economic outlook.
• RBI Policy Announcement: Investors are awaiting the Reserve Bank of India's policy announcement for further direction.

Concluding Remarks

The Indian stock market stands at a crucial juncture, influenced by a range of global cues and geopolitical developments. While positive signals from GIFT Nifty and potential progress in Russia-Ukraine peace talks offer some optimism, uncertainties surrounding the peace negotiations and fluctuations in commodity prices warrant a cautious approach. Investors will be closely monitoring these factors, along with domestic policy announcements, to navigate the market in the coming sessions.