The Indian stock market is influenced by a multitude of factors, ranging from domestic cues to global events. Several key developments overnight have the potential to shape trading sentiment. Here are some of the significant factors:

1. GIFT Nifty Performance: The GIFT Nifty, formerly known as SGX Nifty, is a derivative contract based on the Nifty 50 Index of the National Stock Exchange of India (NSE). It is now traded on the NSE International Exchange located at GIFT City in Gujarat, India. It serves as an indicator of how the Indian stock market might perform when trading commences. On July 15, 2025, GIFT Nifty was trading around 25,148, a discount of nearly 25.5 points from the Nifty futures' previous close, which signals a potentially negative start for Indian stock market indices.

2. Trump's Tariffs and US-China Trade Relations: Renewed tariff threats and uncertainty surrounding US-China trade relations continue to weigh on market sentiment. Recently, the United States Court of Appeals for the Federal Circuit in Washington paused a lower court ruling to look into the appeal of the government regarding President Trump's "reciprocal" tariffs. Trump's administration has imposed higher tariffs and stricter import restrictions to reduce reliance on China and to protect and develop industries in the US. The US tariffs would be set at 55% on Chinese goods while China's tariffs remain at 10%. These trade tensions have disrupted bilateral commerce. China has retaliated with its own tariffs on U.S. imports. Economists expect Trump's tariffs to negatively affect China's GDP.

3. China's Economic Data: Investors are closely monitoring economic data from China, as it can provide insights into the health of the global economy. This includes figures related to GDP growth, inflation rates, and employment data. Any signs of a slowdown in the Chinese economy could have a ripple effect on markets worldwide, including India.

4. Overnight Global Cues: Developments in major international markets such as the US, Europe, and Asia directly impact the Gift Nifty and, consequently, the Indian stock market. On July 15, 2025, Asian markets traded mixed, while US stock indices, including the S&P 500 and the Nasdaq Composite, closed marginally up.

5. Domestic Market Performance: On Monday, July 14, 2025, Indian benchmark indices, Sensex and Nifty, extended their losing streak for the fourth consecutive session. The BSE Sensex fell 247.01 points, or 0.30 per cent, to close at 82,253.46. The NSE Nifty slipped 67.55 points, or 0.27 per cent, to finish at 25,082.30.

6. US Economic Data: The US economy grew less than expected in the first quarter of the year. GDP decreased by 0.2% in the US first quarter which showed an improvement from the initial estimated 0.3% drop.

7. FII Flows: Continuous foreign fund outflows have been pressuring the Indian stock market.

8. Other Macroeconomic Factors: India's main stock market index, the SENSEX, fell to 82253 points on July 14, 2025, losing 0.30% from the previous session. Other macroeconomic factors include India's inflation rate, which has fallen to 2019-lows, and India's wholesale prices, which unexpectedly dropped.