From Gift Nifty, US-Iran deal, bond yields to oil prices: 10 key things that changed for Indian stock market overnight

The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open flat on Tuesday, following mixed cues from global markets, as investors remain cautious about the US-Iran peace deal.

Asian markets traded lower, while the US stock market ended mixed overnight, amid rising expectations of US interest rate hikes.

On Monday, the Indian stock market ended higher as reports of progress in US-Iran peace talks and a decline in crude oil prices bolstered investor risk appetite.

The Sensex gained 291.17 points, or 0.38%, to close at 77,094.07, while the Nifty 50 settled 89.80 points, or 0.37%, higher at 24,102.90.

“Indian equities are expected to maintain a positive bias, supported by progress in the US-Iran negotiations, firm global cues, lower crude oil prices. Ongoing discussions in Switzerland have raised expectations of a formal peace framework and the reopening of the Strait of Hormuz, improving global sentiment and easing concerns around energy prices,” said Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Asian markets traded mostly lower as oil prices regained strength and expectations of interest rate hike increased. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5%. Japan’s Nikkei 225 fell 0.36%, while the Topix declined 0.44%. South Korea’s Kospi dropped 1.54%, while the Kosdaq tanked 3.43%. Hong Kong’s Hang Seng index futures indicated a higher opening.

Gift Nifty was trading around 24,149 level, a premium of nearly 26 points from the Nifty futures’ previous close, indicating a mildly positive start for the Indian stock market indices.

US stock market ended mixed on Monday, weighed down by declines in the megacap technology stocks.

The Dow Jones Industrial Average rose 148.01 points, or 0.29%, to 51,712.71, while the S&P 500 declined 27.79 points, or 0.37%, to 7,472.79. The Nasdaq Composite closed 351.33 points, or 1.32%, lower at 26,166.60.

Nvidia stock price fell 0.97%, AMD shares rallied 2.65%, Broadcom share price plunged 4.67%, Apple stock price eased 0.34%, Microsoft shares declined 3.18%, Amazon shares tanked 4.75%, Alphabet shares dropped 5.08%, Tesla stock price gained 1.14%, while SpaceX shares tumbled 16.43%.

US President Donald Trump said that preventing Iran from acquiring nuclear weapons is more important than concerns over global economic fallout, including the risk of a worldwide depression. Earlier, the US issued a 60-day license to Iran allowing the Islamic Republic to sell oil on the international market.

The growth of India’s eight core sectors slowed to a seven-month low of 0.5% in May 2026 due to contraction in the coal and petroleum sectors. The core sectors’ growth was 1.8% in April 2026 and 1.2% in May 2025.

Japan’s manufacturing sector sustained robust growth in June. The S&P Global flash Japan Manufacturing Purchasing Managers’ Index (PMI) edged up to 54.9 in June from 54.5 in May, rebounding closer to April’s 55.1 that marked the strongest expansion since January 2022.

Japanese government bond (JGB) yields rose amid speculation of rate hikes to address yen weakness. The two-year yield increased 0.5 bps to 1.41%, while the five-year yield rose 0.5 bps to 1.91%. The benchmark 10-year JGB yield was flat after rising 1 bp to 2.680% earlier in the session.

Crude oil prices rebounded on tempered optimism over the US-Iran peace talks. Brent crude futures gained 0.19% to $78.05 a barrel and US West Texas Intermediate rose to $74.15 a barrel, up 0.39%.