From Nasdaq to Nikkei: Key Overnight Market Developments for India

Indian benchmark indices, Sensex and Nifty 50, are set for a weak start today after global markets slumped overnight. Gift Nifty hovered around 24,432, signaling a steep discount to domestic futures. The trigger: intensifying geopolitical tensions in West Asia, where US-Israeli air strikes against Iran have spooked investors worldwide.

Asian markets mirrored the selloff, with Nikkei and Kospi sliding, while Wall Street saw the S&P 500 close below its 100-day moving average for the first time since November. Crude oil prices remained steady, but safe-haven assets like gold saw renewed interest. Analysts warn of heightened volatility as global risk factors dominate sentiment.

Key Highlights

• Gift Nifty: Trading ~550 points below Nifty futures, indicating gap-down start.
• Geopolitical Shock: US-Israeli strikes on Iran escalate tensions.
• Wall Street: Nasdaq and S&P 500 tumble; S&P breaks key technical support.
• Asia: Nikkei and Kospi slump, reflecting global risk aversion.
• Commodities: Crude steady, gold gains as investors seek safety.
• Investor Outlook: Volatility expected; defensive sectors may offer resilience.

Sources: Mint, The Financial Express, AFP