From Gift Nifty, US-Iran talks to Nikkei, Kospi’s slump: 8 key things that changed for Indian stock market overnight

Key points

• The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open on a muted note on Friday, following mixed cues from global markets, and ahead of the RBI policy announcement.
• Asian markets traded sharply lower, while the US stock market ended mixed overnight, with the blue-chip Dow Jones hitting a record closing high.
• Investors will watch out for the Reserve Bank of India’s (RBI) monetary policy decision later today.
• The RBI Governor Sanjay Malhotra-headed Monetary Policy Committee (MPC) is largely expected to keep the repo rate unchanged, while the central bank’s commentary on inflation, liquidity conditions, crude oil price risks, and the rupee will be keenly monitored.
• On Thursday, the Indian stock market ended the volatile and range-bound trading session flat with a positive bias, as investors turned cautious ahead of the key Reserve Bank of India (RBI) monetary policy announcement.