Indian Stock Market: 10 Things That Changed Overnight For Market - Gift Nifty, Trump-Putin Talks Infosys Q2 Results

India’s stock market benchmark indices Sensex and Nifty 50 are expected to open on a cautious note on Friday, following weakness in global markets due to rising trade tensions between the US and China. The trends on Gift Nifty also indicate a negative start for the Indian stock market today. Asian markets traded lower, while the US stock market fell overnight as trade tensions between the US and China escalated. On Thursday, the Indian stock market ended with stellar gains, extending its rally for the second straight session, with both the benchmark indices each jumping a percentage point. The Sensex gained 862.23 points, or 1.04%, to close at 83,467.66, while the Nifty 50 closed 261.75 points, or 1.03% higher, at 25,585.30. “Positive global cues coupled with rupee appreciation and hopes of pick-up in corporate earnings in the coming weeks helped the rally. However, choppy FII trend remains a major concern as US-India tariff issues coupled with geo-political tensions could fuel outflows and weigh on markets,” said Prashanth Tapse, Senior VP (Research) Global Research Market for Mehta Equities (Research) for Global Research. today: Asian markets Asian markets traded lower on Friday, following overnight losses on Wall Street amid rising trade tensions. Japan’s Nikkei 225 fell 1.02%, while the Topix fell 0.83%. South Korea’s Kospi fell 0.47%, but the Kosdaq rose 0.15%. Hong Kong’s Hang Seng index futures indicated a lower open. Gift Nifty Today Gift Nifty traded around 25,622, a discount of nearly 34 points from the Nifty futures’ previous close, marking a slightly negative start for the Indian stock market indices. Wall Street US stock market was lower on Thursday ended, weighed down by the sell-off in financial stocks, and as the emerging credit crunch and trade tensions between the US and China dampened investors’ risk appetite. The Dow Jones Industrial Average fell 301.07 points, or 0.65%, to 45,952.24, while the S&P 500 fell 41.98 points, or 0.63%, to 6,629.08 dropped The Nasdaq Composite closed 107.54 points, or 0.47%, lower at 22,562.54. Nvidia stock price rose 1.10%, Advanced Micro Devices stock fell 1.69%, Apple stock price fell 0.76%, while Tesla stock price fell 1.47%. Trump-Putin Meet US President Donald Trump and Russian President Vladimir Putin have agreed to another summit on the war in Ukraine. Trump and Putin may meet in Budapest within the next two weeks, the US president said after a more than two-hour phone conversation that he called productive. The US Federal Reserve US Fed Governor Christopher Waller said he was on board with another interest rate cut at the US central bank’s meeting later this month. Stephen Miran, the Fed’s newest governor, has reiterated support for more aggressive rate cuts at upcoming meetings than the one favored by some of his colleagues. Infosys Q2 Results Infosys Q2 net profit rose by 6.4% QoQ to ₹7,365 crore, while revenue by rose 5.2% QoQ to ₹44,490 crore. Turnover in dollar terms grew by 2.7% QoQ to $5,076 million. VVRB increased by 6.35% QoQ to ₹9,353 crore, while EBIT margin improved by 20 bps QoQ to 21%. The IT giant has its guidance for constant growth in currency revenue for FY26 to between 2% to 3% increased from 1% to 3%. It maintained operating margin guidance of 20% – 22% for FY26. Infosys also declared a dividend of ₹23 per share, and the dividend record date has been set as October 27, 2025. Wipro Q2 Results Wipro posted a consolidated net profit of ₹3,246 crore in Q2FY26 reported. IT services revenue rose 2.5% QoQ to ₹22,641 crore. Revenue in dollar terms grew 0.6% QoQ to $2,604.3 million, while BK’s revenue growth was 0.3% QoQ. IT services EBIT increased by 6% QoQ to ₹3,783 crore, while IT EBIT margin by 50 bps QoQ improved to 16.7%. Wipro expects IT Services business revenue to be in the range of $2,591 million to $2,644 million in Q3FY26, which translates to sequential guidance of -0.5% to +1.5% in constant currency terms. Gold prices Gold prices extended their record-breaking rally, poised for their best weekly performance in 17 years. Spot gold price has rose 0.9% to $4,364.79 an ounce, after hitting a record high of $4,378.69. U.S. gold futures for December delivery rose 1.6% to $4,373.20. Dollar The dollar index is set for its biggest weekly drop in nearly three months. The dollar index, which measures the dollar against a basket of currencies, was little changed 98.23. Against the Japanese yen, the dollar weakened 0.2% to 150.12, Reuters reported. The euro added 0.1% to $1.1701, while sterling also gained 0.1% to $1.3446. US Treasury yields fell with the yield on the two-year note hitting its lowest level in more than three years. The benchmark US 10-year yield fell by fell 6.9 bp to 3.976%, and the 30-year bond yield fell 5 bp to 4.5891%. The 2-year note yield fell 8.4 bp to 3.422%. Crude Oil Prices Crude oil prices fell, heading for a weekly loss, amid uncertainty over global energy supplies. Brent crude futures have with Down 0.13% to $60.98 a barrel, while U.S. West Texas Intermediate futures fell 0.16% to $57.37. (With input from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to check with certified experts before making any investment decisions take