Indian stock market: 7 key things that changed for market overnight ahead of Budget 2025 - Gift Nifty to US inflation

Market analysts predict volatility in domestic equities this Saturday because today the Finance Minister will deliver the Union Budget for 2025-2026 in Parliament. Weak global market cues may influence the Indian stock market benchmark indices Sensex and Nifty 50 to open with caution.

The Sensex reached a closing value of 77,500.57 after adding 740.76 points which translates to a 0.97% rise and the Nifty 50 finished at 23,508.40 following a 258.90 point gain which represents a 1.11% increase.

The stock market continued its upward trend for the fourth consecutive session with benchmark indices achieving impressive gains before the union budget 2025 announcement while strong global cues supported market sentiment.

Asian Markets

The Asian markets finished with divergent results on Friday as Japan's Nikkei showed a 0.15% increase while South Korea's Kospi dropped by 0.77%. Chinese and Hong Kong markets remained closed because of holiday celebrations.

Gift Nifty Today

The Gift Nifty reached around the 23,533 level which put it nearly 87 points below the previous closing value of Nifty futures and signaled a weak opening for Indian stock market indices.

Wall Street

The White House announcement that President Donald Trump will impose tariffs on Canadian, Mexican and Chinese imports starting Saturday led to a decline in the US stock market on Friday.

US Inflation

December saw US inflation rise as consumer spending reached higher levels. The PCE price index experienced a 0.3% increase last month following a consistent 0.1% rise in November. The PCE price index climbing 0.3% was the forecast made by economists surveyed by Reuters. Over the course of 12 months ending December inflation measured by the PCE price index advanced to 2.6% following an 2.4% rise in November.