8 things that changed for market overnight- Gift Nifty, US markets sell-off, Bihar election results

By Admin

14 Nov, 2025

The Indian stock market is set for a weak start on Friday as global cues turned sharply negative overnight. A combination of US market sell-offs, pressure on technology stocks, and nervousness ahead of the Bihar Assembly election results has heightened volatility. Here are the eight major overnight developments investors should know before markets open.

Market Opening Signal
Gift Nifty was trading near 25,848, nearly 106 points below the previous close of Nifty futures. This indicates a negative start for benchmark indices Sensex and Nifty 50. Thursday’s session ended flat due to profit booking, with the Sensex closing at 84,478.67 and Nifty 50 at 25,879.15. Analysts expect consolidation after the recent rally but maintain a positive undertone supported by strength in banking and IT.

Asian Market Trends
Asian markets opened lower, mirroring the steep losses on Wall Street. Japan’s Nikkei dropped 1.31% while the Topix slipped 1.03%. South Korea’s Kospi corrected 2.51% and the Kosdaq fell 1.42%. Hong Kong’s Hang Seng futures also indicated a weaker start.

US Market Sell-Off
All three major US indices posted their sharpest declines in over a month as investors cut expectations of rate cuts due to persistent inflation concerns. The Dow Jones fell 1.65%, S&P 500 lost 1.66%, and Nasdaq plunged 2.29%. Tech stocks saw heavy selling: Nvidia fell 3.6%, Tesla dropped 6.6%, Broadcom lost 4.3%, AMD declined 4.22%, Microsoft slipped 1.54%, and Oracle dropped 4.14%.

Tech & Corporate Moves
Several major US corporate stocks witnessed large swings. Walt Disney shares tumbled 7.8%, Western Digital fell 5.4%, Seagate lost over 7%, and SanDisk dropped nearly 14%. Meanwhile, Cisco Systems bucked the trend with a 4.6% rise.

Bihar Election Impact
The Bihar Assembly election results will be declared today as counting begins for all 243 seats. The state recorded one of its highest turnouts during voting on November 6 and 11. Exit polls suggest an NDA victory. The political outcome may add short-term volatility to domestic market sentiment.

US Jobless Data
US initial jobless claims eased slightly to 227,543 for the week ended November 8, compared to 228,899 the week before. The marginal improvement suggests a still resilient labor market despite economic uncertainties.

Fed Rate View
San Francisco Fed President Mary Daly said it is too early to determine whether interest rates will be cut at the December meeting. She called the policy direction “neutral,” suggesting the Fed remains data-dependent amid mixed economic indicators.

Gold & Dollar Moves
Gold prices edged higher by 0.3% to $4,183 per ounce as the dollar weakened. The US dollar index hovered near a two-week low at 99.27, heading for a 0.3% weekly decline. Euro traded at $1.1630, sterling at $1.3152, and yen at 154.58 per dollar, reflecting softness in the greenback.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. Investors are advised to consult certified experts before making investment decisions.