More Stories

Informist, Tuesday, Mar. 10, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Indices may open higher as oil prices cool on Trump's remark

 

MUMBAI--0815 IST--Headline equity indices are expected to open higher Tuesday as oil prices cooled down to around $88 per barrel after hitting a near four-year high of $119.50 per barrel Monday. Oil prices fell after US President Donald Trump late Monday said he was considering seizing control of the Strait of Hormuz, and said that he believes the war between Iran and US-Isreal combine is "very complete, pretty much."

 

"If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far," Trump said in a post on his Truth Social platform early Tuesday. The comments came after a spokesperson for Iran's Ministry of Foreign Affairs Monday warned that oil tankers transiting the Strait of Hormuz "must be very careful."

 

Iran's Islamic Revolutionary Guard Corps declared that Iran's armed forces wouldn't allow "the export of even one litre of oil from the region to hostile parties and their partners" as long as attacks by the US and Israel continue. The comments pointed to a showdown over oil transit through the Strait of Hormuz, as President Trump threatened to escalate strikes if Iran holds up oil flow in the strait, The Wall Street Journal reported. 

 

At 0755 IST, the May futures contract of Brent Crude Oil on the Intercontinental Exchange was at $88.71 per barrel. So far, oil prices have fallen around 26% from the high of $119.50 per barrel hit on Monday. Overnight, major equity indices in the US advanced, with the Nasdaq Composite and S&P 500 closing around 1% higher each and the Dow Jones Industrial Average ending up 0.5%. Most Asian indices also traded higher early Tuesday, led by South Korea's KOSPI, which was up over 6%. 

 

The GIFT Nifty indicated a gap-up opening for the domestic markets following a rebound in the global equity market, Vipin Kumaar, assistant vice president, technical and derivatives, Globe Capital Market, said. At 0803 IST, the GIFT Nifty was at 24380.50, over 30 points higher than the Nifty 50's previous close. "On levels front, sustained trading above 24200 (points) might lead it (Nifty 50) towards 24400 spot levels. On the flip side, a fall below 23800 might drag it to 23600 spot levels," Kumaar said. (Arya S. Biju)

 

 

---

Equity Alert: US indices recover as Trump says conflict with Iran to end soon

 

MUMBAI--0738 IST--US benchmark indices recovered from intraday losses on Monday as oil prices fell after US President Donald Trump predicted a swift end to the hostilities with Iran. All three major indices ended higher, with the Nasdaq Composite being the top performer, closing 1.4% higher. The Dow Jones Industrial Average, too, recovered after falling 900 points or nearly 2?rlier in the session, and closed 0.5% higher. 

 

On Monday, Trump said in a press conference that the war with Iran could end "very soon", though not this week, CNBC reported. Further, in a phone interview with CBS News, Trump said ships are moving through the Strait of Hormuz, but claimed that he is still "thinking about taking it over." Following his comments, oil prices fell. At 0727 IST, the Brent crude May futures were $89.11 per barrel, sharply down from the intraday high of nearly $120 per barrel on Monday.

 

The closure of the Strait of Hormuz along with the announcement of oil output cuts by key producers in West Asia had sent oil prices soaring on Monday. Oil prices saw some moderation when Saudi Aramco offered over 4 million barrels of crude oil supply into the spot market.

 

Following are the closing levels of US indices Monday:

 

Index	Level	Change in %
S&P 500	6795.99	0.83
NASDAQ Composite	22695.95	1.38
Dow Jones Industrial Average	47740.80	0.50

 

(Shruti Nair)

 

US$1 = INR 92.33

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

 

Edited by Tanima Banerjee

 

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.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.