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Informist, Tuesday, Feb. 24, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices seen lower; volatility likely on weekly F&O expiry

 

MUMBAI--0845 IST--Benchmark indices are expected to open lower, tracking an overnight decline on the Wall Street after US President Donald Trump's threats of additional tariffs weighed on equity markets globally. Information technology stocks will likely mirror the overnight sell-off in their peers after Citrini Research flagged further disruptions to traditional software companies due to artificial intelligence. The market is likely to be volatile Tuesday, owing to the expiry of weekly derivative contracts of the Nifty 50.  

 

Trump on Monday said higher tariffs would be applicable to countries that intend to "play games" after the US Supreme Court's decision. "Any Country that wants to play games with the ridiculous Supreme Court decision, especially those that have 'Ripped Off' the USA for years, and even decades, will be met with a much higher Tariff, and worse, than that which they just recently agreed to," Trump wrote in a post on Truth Social. "BUYER BEWARE!!!," he added. 

 

Indices in the US closed lower Monday as a decline in software stocks yet again put pressure amid persistent fears around AI disruptions to various industries. Trump's decision to raise global tariffs also dampened investor sentiment, CNBC reported. The Dow Jones Industrial Average ended nearly 2% lower, dragged down by shares of IBM, which declined 13?ter Anthropic outlined new programming capabilities for its Claude Code product, according to the report. Markets in Asia were mixed. South Korea's KOSPI gained the most and was up 1.4%. China's CSI 300 index was up over 1?ter a long holiday for Lunar New Year. Indices in Hong Kong, Singapore, and Australia were lower. 

 

Over the weekend, Citrini Research said rapid development in AI could hurt the broader economy and lead to 10% unemployment globally, several media reports said. The research paper was cited by Wall Street for the weakness seen in software stocks, as well as in financials, a CNBC report said. Overnight, the American depository receipts of domestic IT majors--Infosys and Wipro, ended over 5% and 3% lower, respectively.
 

At 0828 IST, the GIFT Nifty 50 indicated a negative start for the Nifty 50, with the February contract of the GIFT Nifty being over 100 points lower than the Nifty 50's previous close. On Monday, the Nifty 50 index closed 0.6% higher at 25713 points. The BSE Sensex closed at 83294.66 points, up 0.6%. The 50-stock index is seen facing resistance at 25800 points and expected to find support around 25600 level, Vipin Kumaar, derivatives and technical analyst at Globe Capital Market, said. (Eshitva Prakash)

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Equity Alert: Asian mkts mixed; US tariff worries, geopolitical tensions weigh

 

MUMBAI--0815 IST--Asian indices were mixed Tuesday after markets in the US closed lower due to uncertainty over President Donald Trump's tariffs and increasing concerns over possible disruption of software companies due to artificial intelligence. Markets were also burdened by concerns over rising tensions between the US and Iran. Markets in Japan and China reopened after Lunar New Year holidays.

 

China's CSI 300 and Japan's Nikkei 225 Day indices were 0.5-1.0% higher. However, indices in Hong Kong, Australia, and Singapore were lower. The South Korean KOSPI was among the highest gainers and Taiwan's TAIEX reached a record high.

 

Market momentum has been under pressure because of rising concerns around AI and rise in geopolitical and trade uncertainty, Reuters reported analysts from Bernstein as saying. Trump warned countries against backing away from the recently negotiated trade deals after the US Supreme Court struck down his tariffs. The president threatened that he would hit them with much higher duties by utilising other trade laws. Trump has imposed a 15% tariff under Section 122 of the Trade Act of 1974.

 

In another development, a senior official with the US State Department said it is pulling out non-essential government personnel from their US embassy in Lebanon. This comes amidst growing concerns of a military conflict between the US and Iran.

 

Meanwhile, the People's Bank of China left its 1-year and 5-year loan prime rates unchanged at 3.0% and 3.5%, respectively, for the 10th consecutive month, as authorities try to strike a balance between supporting a slowing economy and maintaining a stable currency, CNBC reported.

 

Following are the levels of key Asian indices at 0805 IST:

 

INDEX	LEVEL	CHANGE IN %
KOSPI	5926.25	1.37
FTSE Singapore Straits Times	5008.86	(-)0.64
S&P/ASX 200 Index	9003.40	(-)0.25
Hang Seng Index	26662.90	(-)1.55
IDX Composite	8405.14	0.11
TAIEX	34390.86	1.83
CSI 300	4714.10	1.15

 

(Akshat Saksena)

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Equity Alert: US mkts end dn Mon on concerns over tariffs, disruption from AI

 

MUMBAI--0735 IST--Equity markets in the US ended lower Monday with all three major indices falling over 1?ch. This fall was due to concerns over US President Donald Trump's tariffs along with worries that artificial intelligence may lead to a disruption in software companies. 

 

Stocks of software companies such as Microsoft and CrowdStrike were down over 3% and nearly 10%, respectively. Shares of companies in other sectors such as logistics, commercial real estate, and financial services have also been affected this month by the possible disruption from AI, CNBC reported. Concerns also gained traction after Citrini Research released a research report on how the AI boom could hurt the broader economy. The research paper was flagged as a reason for the weakness in technology stocks.

 

"The question about AI is twofold: How much is it going to cost, and who all is going to be disrupted?" Tom Hainlin, national investment strategist at US Bank Wealth Management in Minneapolis was reported as saying by Reuters. "You've seen the market react to headlines, it's 'sell first, assess later.'" "It's a perspective of what may happen as opposed to what has happened," he added.

 

The US Supreme Court struck down Trump's tariffs in a 6:3 ruling and observed that the US President had overstepped his presidential authority. The US President condemned the ruling and threatened a 15% temporary tariff on all imports despite having reached trade agreements with many of the country's trading partners. 

 

Also, A winter storm has led to the country being buried under 15 inches of snow and resulted in travel disruptions in North East US. In New York City, 89-98% of the flights were cancelled, Reuters reported, citing Flightware.com. Airline, travel, and leisure-related stocks fell during the session, with the Dow Transports index falling nearly 3%. 

 

Only 77 out of the S&P500 companies are left to report their earnings for the December quarter. Major earnings this week include those from Nvidia, and home improvement companies Home Depot and Lowe's Companies. Earnings from Sales Force and Universal Health Services are also scheduled this week. "Of the companies that have reported, 73% have beaten expectations, and analysts now expect aggregate year-on-year S&P 500 earnings growth of 13.9%, significantly higher than the 8.9% forecast as of January 1, according to LSEG data," Reuters said.  

 

Following are the closing levels of US indices Monday:  

 

Index	Level	Change in %
S&P 500	6837.75	(-)1.04
NASDAQ Composite	22627.27	(-)1.13
Dow Jones Industrial Average	48804.06	(-)1.66

 

(Akshat Saksena)

 

US$1 = INR 90.88

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Vandana Hingorani

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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