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Informist, Friday, Mar. 27, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices down Thu, Nasdaq ends in correction territory

 

MUMBAI--0735 IST--On Thursday, major indices in the US ended 1-2% lower due to a surge in oil prices as investors remain confused due to mixed signals on negotiations between the US and Iran. The technology-heavy Nasdaq Composite ended the session in correction territory, down more than 10% from its Oct. 29 closing record high.

 

US President Donald Trump said he would hold off attacks on Iran's energy facilities till Apr. 6, extending the orginal deadline which would have ended Friday. Following this, futures contracts tied to the three major US indices rose 0.4%. Trump said, "Talks are ongoing and, despite erroneous statements to the contrary by the Fake News Media, and others, they are going very well." On Wednesday, Iran's Minister of Foreign Affairs had said Iran had no intention of negotiating with the US. 

 

At 0730 IST, the May futures of Brent crude were at nearly $107 per barrel, up over 50% since their pre-war levels. On Thursday, Trump said that neither the spike in oil prices nor the slump in the stock market were as bad as anticipated. Trump said oil prices were "going to come back down to where it was and probably lower."

 

The Nasdaq Composite saw the biggest fall among its peers, closing over 2% in the red. Meanwhile, nine of the 11 industry sectors in the S&P 500 fell Thursday, with the energy sector the biggest gainer, up 1.6%, while defensive utilities rose 0.2%. The communications services and the technology sectors were the biggest laggards, down 3.5% and 2.7%, respectively. The two indices were under pressure after verdicts against Silicon-valley giants Meta and Alphabet's Google in lawsuits over harm to children due to social media platforms. Shares of Meta ended nearly 8% lower, while those of Alphabet closed over 3% lower.

 

Following are the closing levels of US indices Thursday:

 

Index	Level	Change in %
Dow Jones Industrial Average	45960.11	(-)1.01
NASDAQ Composite	21408.08	(-)2.38
S&P 500	6477.16	(-)1.74

 

(Shruti Nair)

 

US$1 = INR 93.98

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.

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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