Here are 10 significant factors impacting the Indian stock market overnight:
1. GIFT Nifty Signals Muted Start:
GIFT Nifty (formerly SGX Nifty) indicates a potentially subdued opening for the Indian stock market today. On the NSE IX, GIFT Nifty traded lower by 25 points, or 0.10%, at 25,618, suggesting a similar start for Dalal Street on Friday. However, as of today, October 17, 2025, at 06:38, GIFT Nifty is at 25,606.50, up by +0.02% +5.50. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 25613 level, a discount of nearly 43 points from the Nifty futures' previous close.
2. Global Easing Hopes Waver:
After edging higher on easing hopes earlier in the week, GIFT Nifty softened as bearish bets swelled. Concerns about global economic growth and uncertainties in international markets are influencing investor sentiment.
3. Wall Street Weakness:
US stocks closed lower on Thursday, driven by signs of weakness in regional banks and ongoing US-China trade tensions. The S&P 500 fell by 0.63%, the Nasdaq by 0.47%, and the Dow by 0.65%. This weakness in US markets could contribute to a cautious mood in Indian markets.
4. Asian Shares Slip:
Asian shares also experienced a downturn, adding to the overall negative global cues. These global market movements can directly impact GIFT Nifty live prices.
5. Trump-Putin Meeting Planned:
U.S. President Donald Trump announced that he will meet with Russian President Vladimir Putin in Budapest in renewed efforts to end Russia's war against Ukraine. This follows a recent phone call between the two leaders. The meeting is expected to take place within two weeks. Before Trump and Putin meet, U.S. officials led by Secretary of State Marco Rubio will sit down with Russian representatives next week.
6. Trump Weighs Tomahawks for Ukraine:
Ahead of a meeting with Ukrainian President Volodymyr Zelenskyy, Trump has said he is weighing selling Kyiv long-range Tomahawk cruise missiles. Putin has warned that providing Ukraine with Tomahawks would cross a red line and further damage relations between Moscow and Washington.
7. Infosys Q2 Results Exceed Expectations:
Infosys announced strong financial results for the second quarter of FY26, with net profit seeing a 13% year-on-year increase to Rs 7,364 crore. Revenue from operations grew by 9% to Rs 44,490 crore. The company also declared an interim dividend of Rs 23 per share.
8. Infosys Raises Revenue Guidance:
Infosys has revised its FY26 revenue guidance upwards, now expecting revenue to grow between 2 and 3% in constant currency, compared to the previous 1 to 3%. This revision signals growing confidence in the company's deal momentum.
9. Infosys Deal Wins:
The company clocked $3.1 billion in deal wins with 67% net new in Q2. Strong deal wins, with 67% net new in Q2, reflect a deep understanding of clients' priorities to deliver value from AI in this environment.
10. India VIX Falls:
India VIX, a measure of market fear, fell 3.2% to settle at 10.86 levels. A lower VIX generally indicates reduced volatility and increased investor confidence.