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

Indian Stock Market Gears Up for Positive Opening Amid Global Cues

Indian stock market indices, Sensex and Nifty 50, are poised for a higher opening on Tuesday, buoyed by positive global cues despite mixed trends in Asian markets. Hopes surrounding a potential US-China trade deal and anticipation of an interest rate cut by the US Federal Reserve are fueling positive sentiment.

Global Market Overview:

• US Markets: Wall Street concluded Monday's session on a high note, with all three major indices achieving record closing highs for the second consecutive day. This bullish sentiment is attributed to optimism regarding US-China trade negotiations and expectations of a Federal Reserve rate cut.
• Asian Markets: In contrast, Asian markets displayed a cautious trend on Tuesday, as investors closely monitor the meeting between US President Donald Trump and Japan's new Prime Minister, Sanae Takaichi. Japan's Nikkei 225 declined by 0.27%, while the Topix fell 0.61%. South Korea's Kospi dropped 1.2%, and the Kosdaq decreased by 0.6%. Hong Kong Hang Seng index futures, however, hinted at a potentially higher opening.

Gift Nifty Signals Positive Start:

The Gift Nifty is currently trading around the 26,066 level, indicating a premium of approximately 53 points compared to the Nifty futures' previous close. This suggests a positive commencement for Indian stock market indices.

Domestic Market Performance:

On Monday, the Indian stock market witnessed a robust rally, with both Sensex and Nifty 50 gaining over half a percent each. The Sensex surged by 566.96 points (0.67%) to close at 84,778.84, while the Nifty 50 settled 170.90 points (0.66%) higher at 25,966.05.

Expert Insights:

Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd., attributed the market rally to firm global cues, progress in US-China trade relations, and a sharp correction in precious metal prices. He also noted that investors covering their positions ahead of the current month's expiry is contributing to the market's positive momentum.

Key Factors Influencing the Market:

1. US-China Trade Deal: Developments surrounding the potential trade agreement between the United States and China continue to be a major market driver.
2. US Federal Reserve Rate Cut: Expectations of an interest rate cut by the US Federal Reserve are further bolstering market sentiment.
3. Trump-Takaichi Meeting: The meeting between US President Donald Trump and Japan's new Prime Minister, Sanae Takaichi, is being closely watched by investors for potential implications on trade and economic policies.
4. Global Cues: Overall global market trends and cues play a significant role in shaping the direction of the Indian stock market.
5. Gold Prices: Fluctuations in gold prices can influence investor sentiment and market movements.
6. FII Activity: Foreign Institutional Investor (FII) activity remains a key indicator of market direction.
7. Rupee Movement: The movement of the Indian rupee against the US dollar is a crucial factor to monitor.
8. Sectoral Trends: Specific sectors, such as metals, infrastructure, and IT, are expected to set the initial pace on Dalal Street.

Gold Prices Overview:

Gold prices experienced a decline in early trading. According to Goodreturns, the rate for 10 grams of 24-carat gold is Rs 1,01,500, while 22-carat gold is priced at Rs 93,040. For 18-carat gold, the rate is Rs 76,130 for the same quantity.