8 Key Overnight Changes in Indian Market: Gift Nifty, Dow, Nasdaq Sell-Off & China LPR

Gift Nifty was hovering around the 25,622 level, down nearly 83 points from the previous close of the Nifty futures, indicating a bearish start for the Indian stock market indices.
The Sensex and Nifty 50, which are the major stock market indices in India, are projected to register a decline at the opening bell on Tuesday due to the negative sentiment in global markets.
While Asian markets saw a mixed performance, the US stock market closed the day with a sharp decline as investors were unsettled by the uncertainty over the tariff policy.
Last Monday, the Indian stock market closed the session with significant gains as the sentiment was lifted following the US Supreme Court's decision to overturn President Donald Trump's broad tariff measures.
The Sensex jumped 479.95 points, or 0.58%, to finish at 83,294.66, whereas the Nifty 50 gained 141.75 points, or 0.55%, to end at 25,713.00.
“Markets will likely see a wider range of movement with a positive bias being driven mostly by mixed global cues, and domestic sector-specific play could continue to be the main driver,” remarked Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
8 key-level global market cues for Sensex today
Asian Markets
During the midday trading, Asian markets saw both positive and negative movements on Tuesday as they followed the selling momentum on Wall Street the previous night and were also influenced by the uncertainty surrounding US President Donald Trump’s tariff policy and rising geopolitical tensions.
MSCI’s broadest index of Asia-Pacific shares excluding Japan fell by 0.2%. Nikkei 225 of Japan gained 0.77%, while the Topix remained unchanged. South Korea’s Kospi dropped 1.1%, whereas the Kosdaq rose 0.16%. Hong Kong Hang Seng index futures were pointing to a lower opening.
Gift Nifty
The Gift Nifty was situated at around 25,622, nearly 83 points below Nifty futures’ previous close, thus indicating that the Indian stock market indices are expected to start on a negative note.
Wall Street
The US stock market finished in the red sharply on Monday as artificial intelligence-related disruption worries kept raising and the uncertainty over tariffs continued to dampen the investor sentiment and risk appetite.
The Dow Jones Industrial Average lost 821.91 points, or 1.66%, to 48,804.06, the S&P 500 went down 71.76 points, or 1.04%, to 6,837.75, and the Nasdaq Composite was down 258.80 points, or 1.13%, closing at 22,627.27.NVIDIA's share price recorded a gain of 0.91%, Microsoft shares went down 3.21%, AMD shares dropped 1.77%, Amazon's share price went down 2.30%, Apple's stock price recorded a gain of 0.60%, and Tesla's stock price went down by 2.91%. Domino's Pizza shares soared 4.1%, and PayPal shares increased 5.8%.
National Monetisation Pipeline
The Finance Minister Nirmala Sitharaman unveiled the National Monetisation Pipeline (NMP) 2.0 document, which outlines a plan to raise ₹10 lakh crore over the next 5 years.
The Study covers the details of the government's plans to implement the NMP 2.0 and the role of various sectors in achieving the target of ₹16.72 lakh crore monetisation potential, which includes a private sector investment component of ₹5.8 lakh crore for the Central ministries and public sector entities' asset monetisation pipeline from FY 2026 to FY 2030.
US Factory Orders
The new US factory goods orders decreased in December due to a steep drop in commercial aircraft orders. Factory orders fell by 0.7% following a 2.7% rise in November. A Reuters poll of economists had predicted a dip of 0.6% for factory orders. Orders saw a 3.7% increase on a YoY basis in December.
China LPR
China kept its benchmark lending rates unchanged for the ninth month in a row in February.
The one-year loan prime rate (LPR) was maintained at 3.0%, and the five-year LPR was kept at 3.5%.
Gold Rate
Gold prices have risen for a fifth consecutive day due to continued uncertainties in US trade policy and the situation in Iran. Prices of gold rose by 0.2% to $5,238.65 per ounce, while the price of silver increased by 0.3% to $88.49.
Crude Oil Prices
Crude oil prices remained stable after US President Donald Trump mentioned that he would prefer an Iran nuclear deal ahead of the talks between the two nations this week. Brent crude oil price dropped 0.29% to $71.28 a barrel, while US West Texas Intermediate (WTI) crude futures went down 0.30% to $66.12.
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Conclusion
Indian stock market is expected to open lower, following a drop in global markets, particularly in the US and Asia. Mixed signals, geopolitical risks, and trade tariff doubts are further adding to the market's uncertainty. Besides, major domestic factors such as the National Monetisation Pipeline and China's LPR decision will also influence the investors' sentiment.



