Overnight Stock Market Movements: Key Developments 

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Friday, tracking a broad sell-off in overnight global markets.

Asian equities declined, while the US stock market closed lower overnight as investors dumped technology stocks amid concerns over potential AI-driven disruption.

However, on Thursday, Indian equities ended in the red as investors booked profits across sectors, with heavy selling pressure in IT stocks weighing on the indices.

Domestic Market Recap

On Thursday, Indian indices closed in the red:

• Sensex slipped by 558.72 points (0.66%) to close at 83,674.92
• Nifty 50 moved down by 146.65 points (0.57%) to settle at 25,807.20

Gift Nifty

Gift Nifty was trading near 25,716, around 142 points lower than the previous Nifty futures close, hinting at a negative start for Indian markets.

Overnight Wall Street Performance

The US stock market closed lower on Thursday as investors sold off technology stocks and turned cautious ahead of the upcoming US inflation data.

• The Dow Jones Industrial Average slipped by 669.42 points (1.34%) to close at 49,451.98.
• S&P 500 shed by 108.71 points (1.57%), ending at 6,832.76.
• The Nasdaq Composite slumped up by 469.32 points (2.03%), finishing at 22,597.15.

Gold Prices

• Spot gold was trading 0.44% higher at $4,948.43 per ounce.
• The US gold futures soared by 0.43% at $4,967.59.

Crude Oil Prices

• Brent crude gained by 0.09% to $67.58/barrel
• US West Texas Intermediate (WTI) crude was trading 0.11% higher at $62.91/barrel

Overnight Major Global Events Driving Sentiment

1. India CPI Inflation: India’s retail inflation edged higher for the third consecutive month under the revised series. The new Consumer Price Index (CPI), with 2024 as the base year, rose to 2.75% in January.
2. Defence Acquisition Council: The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approved capital acquisition proposals worth ₹3.60 lakh crore to meet critical requirements of the Indian Air Force, Indian Army, Indian Navy, and Indian Coast Guard. The council granted Acceptance of Necessity (AoN) for procuring Rafale fighter jets, combat missiles, Air-Ship Based High Altitude Pseudo Satellites (AS-HAPS), P8I aircraft, Vibhav anti-tank mines, and other defence equipment.
3. Russia–US Talks: The Kremlin has outlined proposals that could pave the way for Russia to re-engage with the US dollar as part of a broader economic partnership with the Trump administration, according to an internal Russian document.

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