Equity Alert
Nifty 50 March ends at premium of 122.30 points to spot index
This story was originally published at 16:02 IST on 2 March 2026
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Equity Alert: Nifty 50 March ends at premium of 122.30 points to spot index
MUMBAI--1545 IST--The March futures contract of the Nifty 50 closed at a premium of 122.30 points to the spot index Monday. Open interest in the contract rose nearly 7% to 15.27 million, according to provisional data.
--Nifty 50 closed at 24865.70 points, down 312.95 points or 1.2% vs Friday
--Nifty 50 March closed at 24988.00 points, down 350.60 points or 1.4% vs Friday
Nifty 50 options, expiring Mar. 10, with maximum change in open interest:
Call: 24900, Put: 24500
Nifty 50 options, expiring Mar. 10, with maximum open interest:
Call: 25000, Put: 24500
(Gopika Balasubramanium)
Equity Alert: US, Israel strikes on Iran rattle mkts in Europe; DAX down 2%
MUMBAI--1440 IST--The attack by the US and Israel on Iran over the weekend and Iran's subsequent retaliation sent shock waves through European markets, particularly hitting tourism and travel-related stocks. There was a steep rise in crude oil prices and an increase in demand for safe-haven assets such as gold.
Barring the UK's FTSE 100 index, which was down almost 1%, equity indices of all other major European countries shed almost 2%. The pan-European index, the EURO STOXX 50, was down over 2%. Germany's DAX index was among the hardest hit and fell 2%.
Companies linked to the travel and tourism sector were trading lower across Europe and slumped as global disruption continued. Shares of UK-based Carnival were down 8%. Shares of International Consolidated Airlines listed in France tumbled 12%, TUI dropped more than 7%. Shares of Germany-based Lufthansa lost 6.3%.
Meanwhile, Norwegian oil and gas exporters Var Energi and Equinor were up over 9% due to concerns over global energy supplies after the effective closure of the Strait of Hormuz. Defence stocks also gained, with Italian aerospace staple Avio up over 8% and the UK's BAE Systems rising 7%. Swedish fighter jet maker Saab rose almost 7%.
Following were the levels of major European indices at 1517 IST:
| Index | Level | Change in % |
| FTSE 100 Index | 10813.54 | (-)0.89 |
| CAC 40 | 8423.87 | (-)1.83 |
| MIB INDEX | 46230.11 | (-)2.08 |
| DAX PERFORMANCE-INDEX | 24788.66 | (-)1.96 |
| SLI | 2177.48 | (-)1.69 |
(Eshitva Prakash)
Equity Alert: Most Asia mkts end down as US attack on Iran weighs on sentiment
MUMBAI--1415 IST--Most benchmark indices in Asia ended lower as the hostilities in West Asia escalated. Shares of several travel-related companies fell on concern regarding security. Prices of crude oil and gold rose sharply as the fighting sparked risk-off sentiment among investors. South Korea's equity market was closed for the Independence Movement Day substitute holiday.
"We expect equities to move lower in the immediate aftermath of these events (as) most of the effect is likely to be felt through higher oil prices," South China Morning Post quoted Benjamin Jones, global head of research at Invesco, as saying. "Many emerging markets that rely on foreign energy sources could be at risk. We also note that many Asian economies rely on imports from the Middle East (West Asia), which we think may result in downward pressure on local assets."
Hong Kong's Hang Seng Index ended over 2% lower after a broad-based rout. Oil producers, however, bucked the trend and shares of CNOOC rose over 10%. PetroChina also rose 10% on rising oil prices. Over in mainland China, the CSI 300 Index ended 0.4% higher and the Shanghai Composite Index was up 0.5%. Australia's ASX S&P 200 index ended almost flat, helped by gains in mining companies, according to media reports.
Japan's Nikkei 225 Day ended 1.4% lower and the broader TOPIX index shed over 1%. Shares of airline companies ANA and JAL ended over 5% lower each. On the macroeconomic front, BNP Paribas still expects the Bank of Japan to raise interest rates in April despite the US-Israeli attack on Iran, Dow Jones Newswires reported. "With inflation expectations already near 2% and the economy at full employment, a surge in resource prices could easily accelerate price pass-through," the brokerage said. "Under these conditions, the risk that inflation expectations for both households and firms could climb well above 2?nnot be ignored."
Following are the levels of key Asian indices at 1412 IST:
| Index | Level | Change in % |
| CSI 300 Index | 4728.67 | 0.38 |
| Hang Seng Index | 26059.85 | (-)2.14 |
| Nikkei 225 Day | 58057.24 | (-)1.35 |
| TOPIX FIRST SECTION | 3898.42 | (-)1.02 |
| KOSPI | 6244.13 | (-)1.00 |
| FTSE Singapore Strait Times | 4877.51 | (-)2.35 |
| S&P/ASX 200 Index | 9200.90 | 0.03 |
(Eshitva Prakash)
Equity Alert: Mkts fall further; crude jumps after US, Israel attack Iran
MUMBAI--1328 IST--Benchmark indices fell further as negative sentiments surrounding the US and Israel's attack on Iran over the weekend weighed on markets. Crude oil prices rose more and further weighed on market sentiment. Automobile and banking stocks were the major laggards during the session so far. Shares of Larsen & Toubro fell nearly 7% and continued to weigh on the Nifty 50.
At 1325 IST, the Nifty 50 was at 24697.15 points, down 481.50 points or 1.9%, and the BSE Sensex was at 79717.79 points, down 1569.40 points or 1.9%. Only four constituents in the Nifty 50 index traded higher.
Crude oil prices gained more on continuing military action in West Asia over the past two days. Iran has shut down the Strait of Hormuz, a key maritime route through which a fifth of global crude oil passes. This has sparked oil supply worries all over the world. At 1314 IST, the May futures of ICE Brent Crude rose 9% to $79.43 per barrel. Meanwhile, Saudi Arabia shut down the state-run Ras Tanura oil refinery following a drone strike, Reuters reported citing sources. This is one of the largest refineries in West Asia with a capacity of 550,000 barrels per day and it also serves as a critical export terminal for Saudi Arabia's crude oil.
Bharat Electronics, Oil and Natural Gas Corp., and Sun Pharmaceutical Industries rose around 1?ch. Bharti Airtel was marginally higher. Larsen & Toubro was the worst-hit stock among Nifty 50 constituents. The US and Israel's attack on Iran triggered fears of disruption to the company's operations. The company's existing order book and order inflows have significant exposure to West Asia. Larsen & Toubro was the worst hit in the Nifty 200 as well.
Financial services companies fell further – Jio Financial Services, Shriram Finance, Bajaj Finserv, Bajaj Finance, SBI Life Insurance Co., and HDFC Life Insurance Co. fell 1-4%. Axis Bank and State Bank of India fell over 1% and nearly 2%, respectively. Automobile companies extended losses as well. Mahindra & Mahindra, Maruti Suzuki India, Tata Motors Passenger Vehicles, Bajaj Auto, and Eicher Motors fell 3-4%.
All the broader market indices fell more with both Nifty Smallcap indices and Nifty Midcap indices down around 2?ch. The Nifty Smallcap was weighed down by the shares of Redington, which fell over 6%. The Nifty Midcap 150 was dragged down by the shares of Adani Total Gas. The stock was down over 5%.
All the sectoral indices fell. Nifty Consumer Durables and Nifty Auto were the underperformers among them, down 3?ch. Nifty Consumer Durables was weighed down by the stock of Voltas. The stock fell 5%. Nifty Auto was slowed down by the shares of Uno Minda, which fell over 5%.
Solar Industries India continued to be the top gaining stock among the Nifty 200 constituents. The stock was up 3% and hit a one-month high of INR 502.95. Hindustan Zinc and Muthoot Finance rose around 2?ch. Meanwhile, shares of Adani Green Energy fell 6% and was among the worst-hit stocks in the index.
In the Nifty 500, Tejas Networks was the top gainer, up nearly 13%. The stock hit a one-month high of INR 502.95. LT Foods fell nearly 7% to be the worst hit stock in the index. (Adhithya Aji)
Equity Alert: L&T falls 7%; attack on Iran raises risk to West Asia orders
MUMBAI--1250 IST--Shares of Larsen & Toubro fell almost 7% to an over-one-month low of INR 3,977 on the NSE after the US and Israel attack on Iran triggered fears of disruption to the company's operations. The company's existing order book and order inflows have significant exposure to West Asia.
Larsen & Toubro has seen strong growth in order inflows from West Asia and the region now accounts for 37% of its INR-7.33-trillion order book as of nine months ended December, according to calculations by JM Financial Institutional Securities. Furthermore, over this period, the order inflows from this region accounted for 33% of order inflows of INR 3.46 trillion.
"L&T has emerged as a dominant contractor in hydrocarbons with significant operations along the Persian Gulf," JM Financial added. The closure of sea lanes and the accompanying supply chain disruptions can have a negative impact on the execution of the company. Furthermore, the brokerage sees real estate expansion in the UAE slowing down due to increased security concerns, which may lead to more competition and hurt the company's margins.
All the thirteen brokerage reports available with Informist on L&T have a 'buy' call on the stock with an average target price of INR 4,641. (Eshitva Prakash)
Equity Alert: Clean Max Enviro lists at INR 960, 9% discount to issue price
MUMBAI--1220 IST--Shares of Clean Max Enviro Energy Solutions listed at INR 960 on the NSE, nearly 9% discount to its issue price of INR 1,053. At 1215 IST, the scrip was trading over 27% lower at INR 768 and nearly four million shares of the company had changed hands on the bourse so far during the session.
The company's initial public offering, which closed Wednesday, was subscribed 94%, with bids received for 20.6 million shares against 21.8 million shares on offer. Ahead of the offer, the company raised INR 9.21 billion by issuing 8.75 million shares to anchor investors.
Clean Max Enviro Energy Solutions is a commercial and industrial renewable energy provider that specialises in delivering net-zero and decarbonisation solutions, including supplying renewable power, energy services, and carbon credit solutions to customers. For the six months ended September, the company reported a consolidated net profit of INR 110.63 million on a revenue of INR 9.33 billion. (Eshitva Prakash)
Equity Alert: Indices fall further; heavyweights, banking shares weigh
MUMBAI--1210 IST--Benchmark indices fell further with banking and heavyweight stocks weighing on them. The Nifty 50 was weighed down by shares of Larsen & Toubro and index heavyweights Reliance Industries and ICICI Bank. L&T fell over 5%, Reliance Industries declined 2%, and ICICI Bank was down 1%.
At 1207 IST, the Nifty 50 was at 24767.70 points, down 410.95 point, or 1.6% and the BSE Sensex was at 79922.48 points, down 1364.71 points or 1.7%. Only four constituents of the Nifty 50 were trading higher.
Shares of defence company Bharat Electronics continued to be the top gainer in the index, rising nearly 2%. Shares of Oil and Natural Gas Corp. rose nearly 1% and Bharti Airtel was up 0.4%. Hindalco Industries rose 0.1%. In contrast, Larsen Toubro was the worst hit stock, falling 6%. InterGlobe Aviation fell over 4%. Asian Paints, Adani Enterprises, and Adani Ports and Economic Zone were down 2–3%. Financial services providers Bajaj Finance, Shriram Finance, Jio Financial Services, SBI Life Insurance Co., and Bajaj Finserv fell around 2?ch.
All the broader market indices were in the red. Nifty Smallcap 250 fell over 1%, weighed down by a nearly 4?ll in the shares of Asahi India Glass. Nifty Midcap 50 fell 1%, dragged down by a nearly 4?ll in shares of Adani Total Gas.
Following the US and Israel attack on Iran, crude oil prices spiked. The May futures of Brent Crude Oil hit a one-year high of $82.37 per barrel. At 1041 IST, the May futures of Brent Crude Oil were at $77.51 per barrel, up over 6% from the previous close. Nifty Oil & Gas index was down nearly 2%. Among oil marketing companies, ONGC was the only one trading higher. Oil refining companies Hindustan Petroleum Corp., Bahart Petroleum Corp., and Indian Oil Corp. fell 2-4%.
Solar Industries India rose 4% to be the top gainer in the Nifty 200. Shares of KEI Industries rose nearly 3% and Hindustan Zinc rose over 2%. In the Nifty 500 index, Tejas Networks was the top gainer, up over 13%. The stock rose for the fourth consecutive session and gained nearly 59% during the period. Shares of IFCI fell over 5% and was among the worst hit stocks in the index. (Adhithya Aji)
Equity Alert: Oil explorers' shrs rise as crude surges; oil marketing cos dn
MUMBAI--1120 IST--Shares of oil explorers were trading higher Monday following a sharp rise in crude oil prices. Crude prices surged following the US-Israel attack on Iran and the West Asian country's retaliation. This has led to an effective closure of the Strait of Hormuz, which is a key chokepoint in global oil trade, and a prolonged closure will likely result in higher oil prices. Shares of oil marketing companies traded lower due to worries about supply of crude oil.
At 1041 IST, the May futures contract of Brent crude oil traded 6% higher at $77.51 per barrel. Earlier in the session, the contracts had spiked as much as 14%.
In the short term, Emkay Global Financial Securities expects severe dislocation of oil supplies and global supply chains, with a spike in Brent crude prices to $90–100 per barrel. The spike in crude prices will hurt macroeconomic stability by putting pressure on the rupee, current account deficit, and domestic inflation, Emkay Global said. As the impact of higher prices spills over to petro-chemicals and commodities, the brokerage expects margins of companies to take a hit.
Shares of Oil And Natural Gas Corp. were up 1% and those of Oil India were up slightly. Both these stocks have pared gains after rising as high as 3?rlier in the session. Shares of oil marketing companies such as Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp. were down 2-4%. (Eshitva Prakash)
Equity Alert: Defence cos up in weak mkt; Nifty India Defence rises over 1%
MUMBAI--1035 IST--Shares of several defence companies rose and the Nifty India Defence index gained almost 1% in a session where headline indices were down more than 1%. This comes after the US and Israel's attack on Iran over the weekend and Iran's retaliation for these strikes. "Defence names including Hindustan Aeronautics and Bharat Electronics could see sentiment support," JM Financial Securities said in a research report Sunday.
Shares of Paras Defence and Space Technologies rose 10% and were among the best performers in the Nifty India Defence index. The company has incorporated a subsidiary, Paras Semiconductors, to enter the semiconductor packaging space. Paras Defence subscribed to 70,000 equity shares to hold a 70% stake in the entity, ICICI Securities said in a report.
Shares of Dynamatic Technologies, Solar Industries India, and Dynamatic Technologies rose 2–4%. Shares of MTAR Technologies were up nearly 1?ter hitting an all-time high earlier in the session. Other defence companies such as Bharat Electronics, Bharat Dynamics, and Hindustan Aeronautics were up 1–2%. (Eshitva Prakash)
Equity Alert: Aviation shrs nosedive as cos cancel flights to West Asia
MUMBAI--1000 IST--Shares of airline operators fell in early trade after several domestic airlines extended flight cancellations to and from West Asia amid airspace disruption in the region since the US and Israel's attack on Iran. Many of these aviation players had already suspended operations till Sunday after the US and Israel carried out a series of military operations against Iran, followed by Tehran's retaliation over the weekend.
Shares of InterGlobe Aviation, which operates under the brand name IndiGo, were down almost 4%. "In view of the prevailing situation, the temporary suspension of select international flights that use Middle East airspace, has been extended until 2nd March 2026, 2359 hrs IST," the operator said in a post on social media platform X. The company is extending waivers for travel to and from West Asia, along with other impacted international sectors until Saturday for bookings made on or before Saturday last week. Customers may opt for a full refund or reschedule at no additional cost, the airline said.
Shares of SpicJet were down nearly 4% on the BSE after the company also cancelled all outbound and inbound flights from West Asia till Tuesday. "Passengers are advised to check their flight status before proceeding to the airport," the airline said in an advisory on X. (Eshitva Prakash)
Equity Alert: Indices open sharply lower as US attack on Iran hits sentiment
MUMBAI--0952 IST--Indian equity indices opened sharply lower following the esclation of conflict in West Asia after the US and Israel launched joint military strikes on Iran over the weekend. Asian markets opened lower and oil prices have spiked on the back of the continuous missile attacks in West Asia. The Nifty 50 was weighed down by a fall in shares of Larsen & Toubro, Reliance Industries, and ICICI Bank. L&T fell nearly 4%. Meanwhile, the heavyweight stocks, Reliance Industries and ICICI Bank, fell around 1?ch.
At 0946 IST, the Nifty 50 was at 24962.10 points, down 216.55 points or 0.9%, and the BSE Sensex was at 80546.87 points, down 740.32 points or 0.9%.
Iran on Sunday shut down the Strait of Hormuz, a key maritime route through which a fifth of global crude oil passes. This has led to tensions over oil supply, especially for India, which is a major oil importer.
Defence company Bharat Electronics rose over 2% to be the top gainer in the Nifty 50 index. Metal stocks of Tata Steel and Hindalco Industries rose nearly 2% and 1%, respectively. HDFC Life Insurance Co., JSE Steel, Bharti Airtel, and Tech Mahindra rose 0.2-0.4%. On the other hand, InterGlobe Aviation was the worst-hit stock. The IndiGo operator fell nearly 5?ter the company suspended their flights to and from West Asia on the back of the ongoing attacks.
Larsen & Toubro, Adani Ports and Special Economic Zone, and Asian Paints fell 3-4% and were the other worst-hit stocks. Shares of Adani Ports and Special Economic Zone, which operates Hafia Port in Israel, fell over 3% amid persisting tensions of a military action. Asian Paints fell as the company depends largely on crude oil as a raw material. Crude oil prices surged following the military outbreak in West Asia.
All financial services stocks fell sharply. Bajaj Finance, Jio Financial Services, Shriram Finance, Bajaj Finserv, and SBI LIfe Insurane Co. fell 1-2%. Automakers Mahindra & Mahindra, Maruti Suzuki India, Tata Motors Passenger Vehicles, Bajaj Auto, and Eicher Motors fell 1-2%.
Barring Nifty Metal and Nifty India Defence, all other sectoral indices fell. Nifty Realty was the underperforming index, down 2%. Nifty Realty was weighed down by the stock of Signatureglobal (India). The stock fell nearly 2%. Meanwhile, Nifty India Defence rose nearly 2%. Barring the stock of Cyient DLM, all other constituents traded higher. Bharat Dynamics was the top gainer in the index. The stock rose nearly 4%.
In the Nifty 200 index, Bharat Dynamics was the top gaining stock. Shares of KEI Industries rose over 3% as well. Hindustan Zinc was up over 2%. In contrast, Indian Oil Corp. was the worst-hit stock in the index. The stock of the oil refining company fell 4%. IRB Infrastructure Developers and Suzlon Energy were down around 2?ch as well.
In the Nifty 500 index, Tejas Networks was the top gainer, rising nearly 10%. Shares of Railtel Corp. was the worst hit, down over 4%. (Adhithya Aji)
Equity Alert: Mkts in Asia fall amid US-Iran war; aviation stocks hit hard
MUMBAI--0800 IST--All major benchmark indices in Asia tumbled in early trade as geopolitical tensions escalated following the US and Israeli military strikes on Iran over the weekend. The attacks resulted in the death of Iranian Supreme Leader Ayatollah Ali Khamenei, and raised concerns over crude oil supplies through the Strait of Hormuz. In early trading, aviation-related stocks fell due to disruption in airspace over West Asia, while energy stocks gained due to higher crude oil prices. Equity markets in South Korea were closed for a public holiday.
Earlier in the session, the May contract of Brent crude oil surged over 13.5% to an over one-year high on fears of disruption at the Strait of Hormuz, which accounts for about a fifth of the world's seaborne oil trade flows, according to data from Reuters. US President Donald Trump said Sunday that combat operations in Iran will continue after three US military personnel were killed in a retaliatory strike by Iran, various media sources said. At 0750 IST, the contract was up about 5% at $76.25 per dollar.
"The most immediate and tangible development affecting oil markets is the effective halt of traffic through the Strait of Hormuz, preventing 15 million barrels per day of crude oil from reaching markets," Reuters quoted Jorge Leon, head of geopolitical analysis at Rystad Energy, as saying.
In Asian markets, airline stocks led the losses on Monday as West AsiA airspace disruptions and airport closures unsettled travel markets, while higher oil prices lifted energy shares amid the escalating conflict in Iran, CNBC reported. Shares of Singapore Airlines were down more than 6%. Japan's ANA and JAL dropped over 4?ch, and Hong Kong's Cathay Pacific were down 4%.
Energy stocks such as Woodside Energy in Australia, Inpex in Japan, and China National Offshore Oil Corp. in Hong Kong rose 4-5%. Select defence companies in Japan also traded higher, per media reports.
Following are the levels of key Asian indices at 0759 IST:
| Index | Level | Change in % |
| CSI 300 Index | 4678.95 | (-)0.67 |
| Hang Seng Index | 25948.28 | (-)2.56 |
| Nikkei 225 Day | 57916.89 | (-)1.59 |
| TOPIX FIRST SECTION | 3871.86 | (-)1.70 |
| KOSPI | 6244.13 | (-)1.00 |
| FTSE Singapore Strait Times | 4887.81 | (-)2.15 |
| S&P/ASX 200 Index | 9152.60 | (-)0.50 |
(Eshitva Prakash)
Equity Alert: Nifty 50 may drop to 25000 pts as oil spikes on US-Iran war
MUMBAI--0750 IST--Benchmark equity indices are expected to open sharply lower Monday after oil prices spiked as US-Iran tensions turned into a full-fledged war over the weekend. Other Asian markets already witnessed a fall at open, with indices in Hong Kong, Japan, South Korea, Taiwan, and Singapore down 1-3%. Futures contracts of Dow Jones Industrial Average were down 0.6%, indicating a fall in the US market when trading begins later in the West.
The US and Israel attacked Iran over the weekend killing Iran's supreme leader Ayatollah Ali Hosseini Khamenei. Iran retaliated on Sunday and launched missiles against Israel and other Gulf countries, killing three US soldiers in Kuwait, reported the New York Times. Iran also shut the Strait of Hormuz, a narrow waterway that connects the Persian Gulf to the Indian Ocean, which is used in transporting a fifth of global crude oil flows. Brent crude oil futures jumped nearly 14% at open Monday, crossing $82 per barrel. Prices have since come off highs, but it was still up over 4% at $76 per barrel, at 0746 IST.
Technical analysts predict the Nifty 50 is likely to fall to 25000-25100 points initially when the market opens for trading and may even fall to 24800 points till the end of day if selling persists. However, GIFT Nifty contracts are not pointing towards a fall in the Nifty 50. The March contracts of the Nifty 50, traded on the NSE International Exchange, fell below 25000 points at open but quickly came off lows. At 0734 IST, the contracts were at 25182 points, indicating a a flat opening.
While the GIFT Nifty contracts are indicating a muted reaction by markets, the index could fall if the war lasts for more than a week as a sustained rise in crude oil price could hit earnings, analysts said. "Expect a significant correction - Nifty, in our view, could again test 24500-25000 levels, and even go lower if the conflict lasts more than 1-2 weeks. If the hostilities end within a week or so, the market should revive just as quickly," Seshadri Sen, head of research and strategist, said in a strategy report Monday.
Shares of oil-sensitive sectors such as oil marketing companies, paints, tyres, aviation, and chemicals are likely to fall, while oil exploration companies may rise. Defence companies may also rise but JM Financial Insitutional Equities said the rise might be just sentimental. (Anshul Choudhary)
Equity Alert: US stock futures drop after attack on Iran; crude prices surge
MUMBAI--0730 IST--Futures contracts of US benchmark indices slumped after the US, in co-ordination with Israel, conducted joint military operations against Iran over the weekend. This action resulted in the death of Iran's Supreme Leader, Ayatollah Ali Khamenei, reports confirmed. These operations have raised concerns over the operability of the Hormuz Strait, a major crude oil chokepoint, resulting in a surge in crude oil prices.
At 0721 IST, the March contract of the E-mini Nasdaq-100 futures was down 0.5% at 24884 points. The E-Mini Dow Future contract was down 0.6% at 48712 points.
"The tail risk of a sustained conflict is higher than in 2024 or 2025, though we don't see this war escalating to a point where it drastically changes the US outlook," CNBC quoted Ajay Rajadhyaksha from Barclays as saying. But in the first half of this week, "it is too early to buy any dip, especially with investors used to a pattern of quick de-escalation," he said.
Earlier on Monday, the May futures contract of Brent crude oil rose to an over one-year high of $82.37 per barrel. At 0721 IST, the contracts were up 5% at $76.19 per barrel. The oil market's trajectory depends on whether the fighting disrupts shipments through the Strait of Hormuz and a sustained interruption there could reverberate through global energy markets and reignite inflation pressures, CNBC said.
On Friday, benchmark indices in the US had closed lower, dragged down by financial services and technology stocks. The sell-off was driven by uncertainty over costs and disruption related to artificial intelligence, revived tariff uncertainties, and simmering geopolitical tensions, Reuters reported.
On the macroeconomic front, a hotter-than-expected Producer Price Index reading cut expectations of the US Federal Reserve cutting its key interest rate in the near term. Headline producer inflation came in at 2.9%, as opposed to 2.6% expected by the Street. Markets are currently pricing in a 95.6% probability that the central bank will leave the US Fed funds target rate in the 3.50-3.75% range at its upcoming monetary policy meeting in March, according to CME's FedWatch tool.
Following are the closing levels of US indices Friday:
| Index | Level | Change in % |
| S&P 500 | 6878.88 | (-)0.43 |
| NASDAQ Composite | 22668.21 | (-)0.92 |
| Dow Jones Industrial Average | 48977.92 | (-)1.05 |
(Eshitva Prakash)
US$1 = INR 91.47
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
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