Indian Markets Poised for Positive Start: Key Overnight Developments

1. GIFT Nifty indicates a positive opening, trading at 23,155.50.
2. US markets rallied, with the Dow Jones up 1.24% and S&P 500 gaining 0.88%.
3. Asian markets show mixed trends, with Japan's Nikkei up 0.14% and South Korea's Kospi down 0.31%.
4. Crude oil prices saw a significant increase, potentially impacting market sentiment.
5. FII selling continues, adding pressure to Indian equities.
6. Q3 results in focus, with HUL reporting better-than-expected profits of ₹30.01 billion.
7. Technical indicators suggest immediate resistance for Nifty at 23,324, with a bearish flag pattern indicating a near-term target of 22,830.

Investors await more Q3 results and assess the impact of Trump's second term on global markets.

Source: Multiple financial news outlets