Indian stock market: 8 key things that changed for market overnight- Gift Nifty, Nikkei rally, MSCI rejig to gold prices

By Admin

06 Nov, 2025

The Indian stock market is gearing up for a positive start today, following strong global cues and a rally in Asian and US markets. Gift Nifty was trading around the 25,740 level, a premium of nearly 32 points from the Nifty futures’ previous close, indicating optimism among traders. The Sensex and Nifty 50 are expected to open higher on Thursday, reflecting improved investor sentiment and robust risk appetite worldwide.

The domestic market remained closed on Wednesday, November 5, due to Guru Nanak Jayanti, after witnessing a decline on Tuesday amid profit booking. The Sensex fell by 519.34 points (0.62%) to 83,459.15, while the Nifty 50 slipped 165.70 points (0.64%) to close at 25,597.65.

“Near-term market direction will hinge on the ongoing Q2 earnings season and evolving global macro signals. Any positive momentum in US–India trade negotiations could help revive sentiment and lend support to export-linked sectors,” said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Here’s a detailed look at the 8 key factors shaping the market today:

1. Asian Market Rally

Asian stocks opened on a strong note, mirroring Wall Street’s overnight gains. Japan’s Nikkei 225 surged 1.13%, while the Topix index added 0.98%. South Korea’s Kospi rose 1.15%, and the Kosdaq jumped 2.01%. Futures for Hong Kong’s Hang Seng Index also pointed to a higher opening, reflecting a broad-based rally across Asia.

2. Gift Nifty Signals a Positive Start

Gift Nifty was trading around 25,740, suggesting a higher opening for Indian indices. The 32-point premium over Nifty’s previous close indicates that investors expect a rebound after Tuesday’s weakness.

3. Wall Street Extends Gains

The US stock market closed higher on Wednesday, driven by strong corporate earnings and encouraging economic data.

• Dow Jones gained 225.76 points (0.48%) to 47,311.00
  
  

• S&P 500 rose 24.74 points (0.37%) to 6,796.29
  
  

• Nasdaq Composite advanced 151.16 points (0.65%) to 23,499.80
  
  

Notable movers included McDonald’s (+2.2%), Tesla (+4.05%), and Amgen (+7.8%), while Nvidia (-1.75%) and Bank of America (-2.0%) saw declines.

4. US Private Payrolls Rebound

The ADP employment report showed that US private payrolls increased by 42,000 jobs in October, marking a solid rebound after a revised decline of 29,000 in September. This improvement surpassed economists’ expectations of a 28,000 gain, reinforcing hopes of stable job growth and economic resilience.

5. MSCI India Index Rejig

The latest MSCI Global Standard Index reshuffle brought several key changes:
Added: Fortis Healthcare, One 97 Communications (Paytm), GE Vernova T&D India, Siemens Energy India.
Removed: Container Corporation of India and Tata Elxsi.
This rejig could influence foreign institutional flows in the short term, impacting respective stock movements.

6. Japan Services PMI Shows Steady Growth

Japan’s services sector continued its strong performance in October. The S&P Global Japan Services PMI stood at 53.1, slightly below September’s 53.3 but well above the 50.0 threshold, signaling continued expansion. The data marked the seventh consecutive month of growth, indicating sustained post-pandemic recovery.

7. Dollar Movement

The US dollar held steady, just below multi-month highs. It gained marginally against the yen and was trading at 153.93 yen. The euro stood at $1.1495, and the pound sterling remained firm at $1.3054, recovering slightly from its seven-month low.

8. Gold Prices Ease After Rally

After rising 1.2% on Wednesday, gold prices slightly eased by 0.2% to $3,973.15 per ounce. The moderation followed renewed investor appetite for equities amid global market optimism.

Outlook for Indian Markets

With strong global cues, upbeat economic data, and the positive signal from Gift Nifty, Indian markets are expected to open higher and may witness broad-based buying. However, traders will closely watch Q2 earnings reports, global inflation trends, and US–India trade discussions for further direction.