Indian stock market: Key Overnight Changes – Gift Nifty, Nvidia Results, US Fed Meeting Minutes

The Indian stock market is expected to open with minor losses, with the Gift Nifty starting the day at 22,659, down 35 points or 0.15%. This follows weak global cues from the US and Asian markets after the release of hawkish comments from the US Fed meeting minutes.

Yesterday, the Indian stock market saw a positive close, driven by gains in heavyweight stocks. The Sensex rose by 267.75 points or 0.36% to reach 74,221.06, while the Nifty 50 ended 68.75 points or 0.31% higher at 22,597.80.
Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd., stated that despite weak global cues, markets remained within a certain range and experienced positive movement for the majority of the trading session. This was primarily attributed to selective buying in IT, FMCG, and realty stocks. However, investors are currently exercising extreme caution and are hesitant to take significant exposure to equity assets, as the outcome of the polls is only a few weeks away.