Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Trump tariff delay to gold prices

Stock market today: The home equity market indices, Sensex and Nifty 50, should be in the green territory on Tuesday, as per the gains in their Asia counterparts. The American markets advanced, but the stock market plunged late and concluded the session off-lows after President Donald Trump's decision to postpone one month tariffs imposition on Canada and Mexico.

The Sensex came down 319.22 points i.e., 0.41%, to 77,186.74, whereas the Nifty 50 went down 121.10 points, meaning 0.52 percent, to 23,361.05.

Though Sensex stocks are at high global markets, the reason for this is:

Asian Markets

Asian markets got a boost from the fact that the US President Donald Trump stopped tariffs on Mexico and Canada for a month. The Nikkei 225 of Japan took a 1.64% leap, while the Topix got a 1.37% increase. South Korea’s Kospi advanced 1.26% and Kosdaq increased 1.86% respectively. Hong Kong’s Hang Seng index futures are up which means that we are going to get a stronger start.

Gift Nifty

The index was recently pegged at 23,542 level, a premium of about 100 points over the previous close of the Nifty Futures, which sets a great mood to the Indian stock market today.

Wall Street Today

The Dow Jones Industrial Average went down 122.75 points, or 0.28%, to 44,421.91, while the S&P 500 fell 45.96 points, or 0.76%, to 5,994.57.

Trump Delays Tariffs

US President Donald Trump is reported to have given in and agreed to put off imposed tariffs for at least one month on Mexico and Canada. Trump’s tariffs against China are still on and they are still expected to become operational on Tuesday.

US Manufacturing PMI

The US manufacturing sector displayed excellent performance for the first time since January 2020. The ISM reported that the manufacturing Purchasing Managers' Index (PMI) reached 50.9 in January, the highest value of the index since September 2022, up from 49.2 in December.