8 Major Overnight Changes Set to Impact the Indian Stock Market Today—Here’s What You Need to Know

The Indian stock market is expected to have a quiet start today, Tuesday, with mixed signals coming from global markets. Here’s a quick rundown of the key developments that could impact the market:

1. Asian Markets:
   • Asian markets mostly rose, led by a strong performance in Japan.
   • Japan’s Nikkei 225 index surged by 2.53%, while South Korea’s Kospi and Kosdaq saw slight declines.
     
2. Gift Nifty:
   • The Gift Nifty is trading around 24,335, slightly lower than the previous close, indicating a flat or slightly negative opening for Indian stocks.
     
3. US Markets:
   • Wall Street ended mixed on Monday, with the Dow Jones falling slightly, while the S&P 500 and Nasdaq showed small gains.
     
4. MSCI Index Changes:
   • Vodafone Idea and Rail Vikas Nigam Ltd. (RVNL) are among seven stocks being added to the MSCI India Index in its August reshuffle, while Bandhan Bank will be removed.
     
5. India Inflation and IIP Data:
   • India’s retail inflation dropped to a 59-month low of 3.5% in July, the lowest in almost five years.
   • Factory output grew by 4.2% in June, a slight drop from May’s 6.2% growth.
     
6. Japan Producer Inflation:
   • Japan’s producer prices rose by 3.0% in July, marking the sixth consecutive month of acceleration.
     
7. Oil Prices:
   • After a five-day streak of gains, crude oil prices fell slightly.
   • Brent crude is now trading at $81.89 per barrel, and US crude at $79.63 per barrel.
     
8. Currency Market:
   • The dollar is stable, with the yen and euro holding steady against it. The dollar index remains flat at 103.08.

In Summary: Investors should brace for a muted opening in the Indian stock market today, with global factors like inflation data, oil prices, and MSCI index changes likely to play a significant role in market movements.