Several factors have influenced the Indian stock market overnight, demanding attention from investors. These include developments in the Gift Nifty, changes in trade policies with Trump's tariffs, fluctuations in gold rates, and movements in oil prices.
GIFT Nifty The GIFT Nifty, formerly known as SGX Nifty, serves as an indicator of how the domestic indices, such as NSE Nifty 50 and S&P BSE Sensex, will perform. It is a futures contract based on the Nifty 50 Index and traded on the NSE International Exchange (NSE IX) in Gujarat, India. This allows foreign investors to participate in Indian equities within a regulated offshore market. The GIFT Nifty operates for 21 hours a day in two sessions. The shift of derivative contracts to GIFT Nifty is expected to bring more liquidity to the Indian markets, creating new opportunities for international investors to participate in India's growth story.
Trump Tariffs Former U.S. President Donald Trump has enacted a series of tariffs that impact goods imported into the United States. Recent executive orders impose tariffs between 15% and 41% on goods from over 67 countries. These tariffs, some of the highest in over a century, are scheduled to take effect on August 7, 2025. Trump is also increasing tariffs on Canada for non-compliant goods under the U.S.-Mexico-Canada Agreement, raising them from 25% to 35%. While some countries have reached agreements to set duties at specific rates, others face significantly higher tariffs. These tariffs are projected to promote domestic manufacturing and protect national security, but economists have criticized them for their flawed understanding of trade and their contribution to downgraded GDP growth projections. Some businesses are already experiencing negative impacts, with increased costs and potential layoffs.
Gold Rates Gold prices are influenced by investment supply and demand, as well as changes in other markets and currency values. As of August 6, 2025, the spot price for 1 gram of gold in the US is $108.77, while in Pakistan, the gold rate per Tola is Rs 362,400.000. Gold prices can fluctuate rapidly and are difficult to predict. However, historical data indicates that gold prices reached all-time highs in various currencies in July 2020. Currently, spot gold is trading around $3,374.00. Factors like central bank net gold purchases and overall market sentiment influence gold's performance.
Oil Prices Crude oil prices have seen recent fluctuations. Brent Crude was trading at $67.93 per barrel, while WTI Crude was at $65.43 per barrel on August 5, 2025. These prices reflect a decrease compared to the previous day. Brent Crude rose slightly to $67.82 on August 6, 2025. Crude oil prices are affected by supply and demand, geological factors, legal and technological elements, and political elements. These fluctuations can have a broad impact on the global economy.
