From Gift Nifty, Iran war, Trump tariffs to Kospi rally: 10 key things that changed for Indian stock market overnight

Indian markets are expected to open cautiously amid elevated crude oil prices and US-Iran geopolitical tensions, with persistent FII selling and a weak rupee weighing on sentiment. Gift Nifty indicates a negative start at around 24,108, about 72 points below the previous close. US markets ended higher overnight led by semiconductor stocks, Asian markets gained with South Korea's Kospi surging 5.37%, but Brent crude rose 1.22% to $92.12 and Trump announced steep tariffs on generic medicines from August 2028.