Equity Alert
Mkt seen range-bound as uncertainty on West Asia war continues
This story was originally published at 08:37 IST on 18 March 2026
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Equity Alert: Mkt seen range-bound as uncertainty on West Asia war continues
MUMBAI--0830 IST--Benchmark equity indices are likely to move in a range Wednesday as investors may buy stocks at comfortable valuations. However, selling pressure is expected at higher levels, analysts said. Indices in Asia were higher in early trade, tracking overnight gains in benchmark US indices.
Analysts see the uncertainty around the West Asia war being reflected in the Indian equity market in the coming days. The continued hostilities in Gulf countries are keeping crude oil prices above the psychologically important $100 per barrel mark.
Tuesday, the Nifty 50 closed 0.7% higher at 23581.15 points and the BSE Sensex ended 0.8% higher at 76070.84 points. The GIFT Nifty shows the indices moving in a range. At 0829 IST, the March contract of Gift Nifty was at 23655.50 points, over 74 points higher from the Nifty 50's previous close.
Indices in Asia were mixed in early trade Wednesday, with most of them trading with gains. Japan's Nikkei 225 index was the top performer, up 2%. All US benchmark indices closed higher Tuesday, with NASDAQ being the top gainer. They ended higher for the second session. (Arundathi A R)
Equity Alert: Most Asian indices open higher; Kospi leads the gains
MUMBAI--0812 IST--Most major Asian indices opened higher Wednesday, tracking gains in US stocks and treasuries, even as the tensions escalate in the US-Iran war. The pan-Asian MSCI Asia Pacific rose 0.8%, setting it on track for a third consecutive session of gains, Bloomberg reported. On Tuesday, major US indices ended higher, suggesting that market participants remain cautiously optimistic of the developments in West Asia and their impact on crude oil prices.
South Korea's Kospi led the gains during early trade, rising nearly 4%. Heavyweight tech major Samsung Electronics rose over 5% while SK Hynix was up nearly 4%. Japan's Nikkei 225 and Topix were up around 2?ch after the country reported a 4.2% on-year increase in its exports in February, surpasssing the estimate of a 1.6% increase by economists polled by Reuters, CNBC reported. Chip making companies traded on a positive note during early trade. Shares of Advantest and Tokyo Electron rose over 5% and 3%, respectively. Further, Japan's central bank is expected to hold short-term interest rates steady at 0.75% at the end of its two-day policy meeting Thursday, according to Reuters.
Investors will also keep an eye on the US Federal Reserve's two-day policy meeting ending Wednesday, where the regulator is expected to maintain interest rates in the range of 3.50–3.75%.
Following were the levels of major Asian indices at 0802 IST:
|
Index |
Level |
Change in % |
|
CSI 300 Index |
4625.39 | (-)0.26 |
|
Hang Seng Index |
25864.52 | (-)0.02 |
|
Nikkei 225 Day |
54898.44 | 2.23 |
|
TOPIX FIRST SECTION |
3697.67 | 1.95 |
|
KOSPI |
5838.66 | 3.51 |
|
FTSE Singapore Strait Times |
4970.77 | 0.71 |
|
S&P/ASX 200 Index |
8635.30 | 0.24 |
(Shruti Nair)
Equity Alert: US indices end higher for 2nd straight day; energy cos gain
MUMBAI--0739 IST--US equity indices ended higher for the second consecutive day even as developments in the US-Iran war cast a cloud on investor sentiment. Crude oil prices climbed over 3% Tuesday after a brief respite on Monday. The tech-heavy Nasdaq Composite ended 0.5% higher, while the Dow Jones Industrial Average ended 0.1% higher. The broad-market S&P 500 ended 0.3% higher.
In the S&P 500, energy stocks fared the best, climbing roughly 2%, CNBC reported. An increase of 1% in consumer discretionary stocks also supported the index, according to a CNBC report. Shares of MGM Resorts, Booking Holdings, and Expedia ended over 2-4% higher. The rise in these stocks came after American Airlines and Delta Airlines raised their forward guidance for the ongoing quarter.
Crude oil prices remain a key concern for investors amid the ongoing escalation in the US-Iran war. Tuesday, Israeli Defence Minister Israel Katz claimed that Iran's security chief Ali Larijani had died in air strikes carried out by Israeli armed forces. The Strait of Hormuz remains shut amid mixed messages coming from the White House regarding the possibility of escorting vessels through the key shipping route. On Monday, crude oil prices briefly dipped following reports that a US-led coalition of countries will facilitate shipping through the Strait, CNBC reported.
On Tuesday, US President Donald Trump posted on Truth Social platform that the US did not need North Atlantic Treaty Organization allies to execute its plans in the Strait. This comes after several world leaders refused to directly engage in US activities in the Iranian strait. After Trump's post, stocks came off their highs and oil prices climbed once again, indicating that investors would have preferred a coalition, CNBC reported.
Investors are also pricing in the almost-certain possibility that the US Federal Reserve will not announce any rate cuts following its policy meeting ending Wednesday. Most market participants expect the rates to be steady in the 3.50–3.75% range, according to the data available on the CME's FedWatch tool. The war in Iran, fears of a spike in inflation, and mixed signals from the job market will be among the key talking points, CNBC reported.
Following are the closing levels of US indices Tuesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6716.09 | 0.25 |
|
NASDAQ Composite |
22479.53 | 0.47 |
|
Dow Jones Industrial Average |
46993.26 | 0.10 |
(Shruti Nair)
US$1 = INR 92.37
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
All prices from National Stock Exchange, unless otherwise specified.
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