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

Indian Stock Market Braces for Positive Opening Amid Global Cues

The Indian stock market is poised for a positive opening on Wednesday, October 29, 2025, buoyed by a rally in global markets and ahead of the US Federal Reserve's anticipated interest rate cut decision later today.

1. GIFT Nifty Signals Positive Start:

The GIFT Nifty is trading around the 26,136 level, indicating a premium of approximately 46 points from the Nifty futures' previous close. This suggests a positive start for Indian benchmark indices.

2. Global Market Rally:

Asian markets are trading higher, mirroring overnight gains on Wall Street. Japan's Nikkei 225 has reached a record high, while South Korea's Kospi is also showing gains. Hong Kong markets are closed for holidays.

3. Wall Street Records New Highs:

US stock market indices closed higher on Tuesday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posting record closing highs, driven by gains in technology stocks. The Dow Jones increased by 0.34%, the S&P 500 rose by 0.23%, and the Nasdaq Composite surged by 0.8%.

4. US Federal Reserve Meeting:

Market participants are keenly awaiting the outcome of the US Federal Reserve's policy meeting, with expectations of a potential interest rate cut. The Fed's decision will likely influence market sentiment and investment strategies.

5. Nvidia and Nokia Deal:

While specific details of an "Nvidia-Nokia deal" aren't available in the provided context, any significant partnership or development involving these major technology players could impact market sentiment, particularly in the tech sector. Notably, Nvidia's share price jumped 5% on Tuesday.

6. Mixed Performance in Previous Session:

On Tuesday, the Indian stock market closed lower due to profit booking, with the Nifty 50 holding above the 25,900 level. The Sensex fell by 0.18% to close at 84,628.16, while the Nifty 50 settled 0.11% lower at 25,936.20.

7. Expert Outlook:

Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services Ltd., anticipates the markets to remain firm, tracking positive global cues, macroeconomic data, and domestic Q2 earnings.

8. Technical Levels to Watch:

Nifty support lies in the zone of 24400-24330. Resistance comes in at 24,871 and 24,923. For the Nifty Bank, it needs to hold above yesterday's low, which becomes a support at 54,002.

9. FII Activity:

Recent data indicates mixed activity from Foreign Institutional Investors (FIIs). While there was buying in the cash market, FIIs continued to add to short positions in the derivative market.

10. Regulatory Updates:

Investors are reminded to update their address, PAN details, email IDs, mobile numbers, and income range in their Demat and Trading accounts to ensure they receive timely information and prevent unauthorized transactions.