From Gift Nifty to semiconductor stocks, gold rate: 9 key things that changed for Indian stock market overnight

Indian benchmarks are expected to open positively on 2 July, with Gift Nifty trading around 24,187.5, a premium of nearly 95 points over the previous close. In the prior session, Sensex rose 444 points (0.58%) to 76,922.64 and Nifty 50 gained 140 points (0.59%) to 24,005.85. Overnight, US markets ended marginally lower led by a sharp selloff in semiconductor stocks, with the Philadelphia Semiconductor Index falling 6.3% and Micron Technology and Sandisk tumbling over 10% each. Asian markets were mostly weak, with South Korea's Kospi plunging 5.36% at the open and triggering a trading halt, while gold rebounded near $4,050 per ounce after Fed remarks eased rate hike expectations.