From Gift Nifty, US-Iran ceasefire to HCL Tech Q4 results: 10 key things that changed for Indian stock market overnight
Gift Nifty was trading around 24,421 level, a discount of nearly 163 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Wednesday, following mixed global market cues, amid cautiousness over the US-Iran ceasefire and as the blockade of the Strait of Hormuz continues.
Asian markets traded mixed, while the US stock market ended lower overnight after the second round of peace talks was rejected by Iran.
On Tuesday, the Indian stock market ended with strong gains amid the possibility of US-Iran peace talks.
The Sensex jumped 753.03 points, or 0.96%, to close at 79,273.33, while the Nifty 50 settled 211.75 points, or 0.87%, higher at 24,576.60.
“Indian equities are expected to continue their gradual upmove, supported by improving macros, easing crude, and strong Q4 earnings momentum. With the ceasefire deadline arriving, all eyes turn to the second round of US–Iran talks — while markets remain hopeful of progress, elevated tensions and uncertain participation make any negative surprise a key downside risk,” said Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Here are key global market cues for Sensex today:
Asian Markets
Asian markets traded mixed on Wednesday amid uncertainty after the US-Iran ceasefire was extended. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.14% after hitting a seven-week high in the previous session.
Japan’s Nikkei 225 rose 0.20%, while the Topix fell 0.62%. South Korea’s Kospi eased 0.03%, while the small-cap Kosdaq declined 0.42%. Hong Kong Hang Seng index futures indicated a lower opening.
Gift Nifty Today
Gift Nifty was trading around 24,421 level, a discount of nearly 163 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
Wall Street
US stock market ended lower on Tuesday after Iran rejected the second round of peace talks.
The Dow Jones Industrial Average declined 292.96 points, or 0.59%, to 49,149.60, while the S&P 500 fell 45.12 points, or 0.63%, to 7,064.02. The Nasdaq Composite closed 144.43 points, or 0.59%, lower at 24,259.96.
Nvidia stock price fell 1.08%, AMD shares rallied 3.47%, Microsoft shares rose 1.46%, Apple share price dropped 2.52% and Tesla stock price declined 1.55%.
US-Iran Ceasefire
US President Donald Trump said that he has directed the US military to indefinitely extend the ceasefire with Iran and maintain a blockade of the Strait of Hormuz while diplomatic efforts continue. Meanwhile, Vice President JD Vance’s expected trip to Pakistan for US-Iran peace talks was put on hold.
US Retail Sales
US retail sales increased more than expected in March. Retail sales jumped 1.7% last month after an upwardly revised 0.7% gain in February. Economists polled by Reuters had forecast retail sales advancing 1.4% after a previously reported 0.6% increase in February.
Treasury Yields
US Treasury yields rose after retail sales data reinforced expectations that the US Federal Reserve will keep rates steady this year. The yield on benchmark US 10-year notes rose 6.3 basis points to 4.313%, while the 30-year bond yield rose 3.4 bps to 4.9152%. The 2-year note yield rose 8.6 bps to 3.802%.
HCL Technologies Q4 Results
HCL Technologies reported a 10.11% QoQ rise in its Q4FY26 consolidated net profit to ₹4,488 crore, while its revenue from operations was flat QoQ at ₹33,981 crore. In constant currency (CC), revenue declined 3.3% QoQ, and dollar revenue dropped 2.9% QoQ to $3,682 million. HCL Tech also announced a dividend of ₹24 per share for the quarter.
Dollar
The dollar steadied to a one-week high amid skepticism over US-Iran ceasefire. The US dollar index, which measures the greenback’s strength against a basket of six currencies, was steady at 98.415, its highest level since April 13. The euro last fetched $1.1748 and sterling firmed to $1.35195. The yen was a bit stronger at 159.26 per dollar.
Crude Oil Prices
Crude oil prices fell as investors assess the outlook for US-Iran peace talks following the US extension of a ceasefire. Brent crude futures declined 0.2% to $98.27 a barrel, while West Texas Intermediate futures fell 0.3% to $89.39. Both benchmark contracts rose about 3% on Tuesday.
Gold Rate Today
Gold prices rose after the US-Iran ceasefire was extended and plans for a fresh round of peace talks fell apart. Spot gold price rose 0.1% to $4,723.70 an ounce, while silver price rose 0.3% to $76.96 an ounce.
(With inputs from Agencies)
About the Author
Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants. <br><br> With nine years of experience in business and financial journalism, Ankit’s approach is rooted in the belief that market reporting should go beyond headlines — connecting data, policy, and ground realities to deliver actionable insights. His work consistently bridges the gap between institutional analysis and investor understanding. <br><br> Ankit has spent three years at Livemint, where he currently helps drive market coverage, editorial strategy, and high-impact financial stories. Prior to this, he worked with leading business news networks such as CNBC-TV18, ET Now, TickerPlant News Service where he built deep expertise in stock market analysis, macroeconomic trends, primary markets, and coverage of key regulators including the RBI and SEBI. <br><br> Over the years, he has covered market cycles across bull and bear phases, IPO booms, liquidity shocks, and major policy shifts that reshaped investor sentiment. He has interviewed fund managers, corporate leaders, and policymakers, translating their perspectives into sharp, data-backed narratives. Ankit combines speed with accuracy — ensuring timely, credible, and insight-driven financial journalism that empowers both retail and institutional audiences.
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