10 things that changed for market over weekend- Gift Nifty, Trump tariffs to Bihar election results

By Admin

17 Nov, 2025

The Indian stock market is gearing up for a positive start to the new trading week, with several global and domestic developments influencing investor sentiment. From Gift Nifty trends and political outcomes to global macro updates and commodity movements, here are 10 key market-changing events that unfolded over the weekend.

1. Gift Nifty Signals a Positive Opening

Gift Nifty was trading around 26,017 level, a premium of nearly 66 points over the previous Nifty futures close. This indicates a positive start for the Indian stock market, with early signs pointing towards strength in benchmark indices.

2. Markets Cheer Bihar Election Results

The BJP-led NDA’s resounding victory in the Bihar Elections 2025, winning 202 of 243 seats, has significantly boosted market sentiment. The strong mandate is expected to add stability to the coalition government at the Centre. This political certainty is seen as a key driver for Monday’s positive opening trend.

3. Sensex & Nifty Ended Last Week on a Strong Note

On Friday, the Indian market rebounded sharply from day’s lows:

• Sensex gained 84.11 points (0.10%), closing at 84,562.78
  
  

• Nifty 50 rose 30.90 points (0.12%), closing at 25,910.05
  
  

Analysts believe easing retail inflation and upbeat Q2 corporate earnings continue to offer a supportive backdrop for equities.

4. Mixed Opening Across Asian Markets

Asian indices opened mixed on Monday following release of regional economic data:

• Japan’s Nikkei fell 0.39%
  
  

• Topix declined 0.44%
  
  

• South Korea’s Kospi jumped 1.43%
  
  

• Kosdaq rose 0.68%
  
  

• Hang Seng futures indicated a slightly lower opening
  
  

These moves reflect cautious optimism across the region.

5. Wall Street Ends Mixed Amid Fed Rate Concerns

US markets closed mixed as uncertainty lingered over potential rate cuts in December:

• Dow Jones fell 0.65%
  
  

• S&P 500 slipped 0.05%
  
  

• Nasdaq gained 0.13%
  
  

Tech stocks like Nvidia (+1.77%), Palantir (+1.09%), and Microsoft (+1.37%) supported Nasdaq, while UnitedHealth (-3.2%), Visa (-1.8%), and Amazon (-1.22%) dragged the indices. A standout mover was Cidara Therapeutics, which surged 105.41%.

6. Trump Rolls Back Tariffs on Select Agricultural Imports

US President Donald Trump signed an executive order rolling back tariffs on various agricultural goods not sufficiently produced domestically, including:

• Beef
  
  

• Coffee
  
  

• Avocados
  
  

• Coconuts
  
  

This move is expected to ease pressure on US consumers and importers.

7. India–US Trade Deal in Focus

As the week begins, investors are closely watching developments in the India–US trade deal. Analysts believe a positive announcement could fuel a sharper up-move in Indian markets.

Key triggers include:

• FOMC meeting minutes
  
  

• India–US trade negotiations
  
  

• Foreign fund flows
  
  

• Gold price trends
  
  

• Global macro data
  
  

8. US–China Rare Earths Deal Likely by Thanksgiving

US Treasury Secretary Scott Bessent indicated that a rare earths deal between the US and China may be finalised by Thanksgiving. The agreement involves:

• US avoiding 100% tariffs on Chinese imports
  
  

• China pausing its rare earth export licensing regime
  
  

This development is crucial for global tech and manufacturing supply chains.

9. Russia Sanctions Could Expand

President Trump also revealed that Republicans are drafting legislation to sanction any country doing business with Russia. He hinted that Iran may also be added to this list, adding geopolitical tension to global markets.

10. Commodity & Crypto Market Movements

Several important price actions shaped the weekend financial landscape:

Japan GDP
Japan’s economy contracted 1.8% (annualised) in Q3, its first decline in six quarters but better than the expected 2.5% fall.

Bitcoin Crash
Bitcoin dropped below $93,714, erasing its 30% year-to-date gains. It had recently hit a record $126,251 on October 6.

Gold Prices Rise
Gold rebounded with a 0.3% uptick to $4,097.22/oz, ending a two-day losing streak.

Outlook for the Week

According to Siddhartha Khemka, Head of Research (Wealth Management), Motilal Oswal Financial Services:

“With retail inflation easing and the corporate earnings season concluding on a positive note, the backdrop remains supportive for Indian equities. We expect markets to stay firm, with a potential India–US trade deal announcement offering scope for a sharper up-move.”

Disclaimer:
The views and recommendations mentioned in this article are those of individual analysts or brokerage firms. Investors are advised to consult with certified financial experts before making investment decisions.