From Gift Nifty, US inflation, IBM shares to Kospi’s rally: 8 key things that changed for Indian stock market overnight

Indian markets are expected to open on a muted note Wednesday amid mixed global cues. Asian markets rallied strongly, with South Korea's Kospi surging 5.51%, while cooler-than-expected US CPI inflation data of 3.5% YoY (versus 3.8% expected) lifted Wall Street. However, escalating US-Iran hostilities, with Trump reimposing a naval blockade on Iranian ports, pushed Brent crude above $86 per barrel, and IBM shares plunged 25.21% on disappointing Q2 preliminary results.