8 Major Overnight Changes Shaping the Indian Stock Market: GIFT Nifty, Trump Tariffs & US GDP in Focus

The Indian stock market ended Thursday on an upbeat note because of last-minute purchases of blue-chip stocks.

The Sensex climbed 320.70 points which translates to an increase of 0.39 percent finishing at 81,633.02.

What global market cues are signaling for Sensex this morning?

Asian Markets

Asian markets fell on Friday, as investors' moods waned due to uncertainty over the legal developments surrounding US president's "reciprocal" tariffs.

Japan's Nikkei 225 index fell 1.55 percent, and the Topix index fell one percent. The South Korean Kospi index fell 0.4 percent, and the nasdaq composite index declined 0.44 percent. The Hong Ko's Hang Seng index futures indicated that the market was weaker in its opening.

Gift Nifty Today

Gift Nifty was trading around 24,940 levels, which is a gap by nearly 2 points over the previous closing price, which suggests a sluggish start for Indian indexes of the stock market.

Wall Street

The Dow Jones Industrial Average increased by 117.03 points which represents a 0.28 percent growth to reach 42,215.73 points. The Nasdaq Composite finished the session with a net increase of 74.93 points which represents a 0.39 percent rise to reach 19,175.87.

Trump Tariffs

A federal appeals court temporarily restored the most broad in President Trump's trade policies. It was the United States Court of Appeals for the Federal Circuit in Washington said it would pause the ruling of the lower court to look into the appeal of the government.

US GDP

The US economy grew less than expected in the first quarter of the year. GDP decreased by 0.2% in the US first quarter which showed an improvement from the initial estimated 0.3% drop.

Fed Chair Jerome Powell

The president Trump met with Federal Reserve Chair Jerome Powell to the White House and told the central bank's chief that the chief was making an "mistake" by not lowering interest rates.