Equity Alert
Indices may open lower Fri on mixed global cues
This story was originally published at 08:26 IST on 27 March 2026
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Equity Alert: Indices may open lower Fri on mixed global cues
MUMBAI--0818 IST--Benchmark equity indices are expected to open lower on Friday tracking weakness in their Asian peers and due to mixed global cues. Crude oil prices fell but remained above the $105 per barrel mark early Friday after US President Donald Trump said he would defer attacks on Iran's energy infrastructure for another 10 days till Apr. 6, as per Iran's request. In a Truth Social post, Trump added that "talks are ongoing" with Tehran.
However, Iran has refuted Trump's claim, saying that it has not requested any pause in strikes targeting its energy infrastructure, The Wall Street Journal reported, citing mediators involved in ongoing peace efforts. The mediators also said that Tehran is yet to give a final response to US' 15-point plan to end the war. However, Iranian officials have told mediators that they are interested in negotiations but the country's leadership is yet to weigh in and give a final decision, the report said. The odds of success for a cease-fire remain low, with Iran and the US staking out maximalist demands that are unacceptable to the other side, the mediators said.
Further, Reuters reported citing an Iranian official said that a 15-point US proposal, conveyed to Tehran by Pakistan, was reviewed in detail on Wednesday by senior Iranian officials and the representative of Iran's supreme leader, who felt it served only US and Israeli interests. The proposal included demands ranging from dismantling Iran's nuclear program to curbing its missiles and effectively handing over control of the Strait of Hormuz, according to sources and reports.
The Gift Nifty is indicating a gap-down opening for the domestic market, Vipin Kumaar, senior technical and derivatives analyst at Globe Capital Market, said. "The pullback rally that started on 23rd March has reached the gap resistance zone 23450-23600 spot levels created while falling on 19th March. A sustained trading below 23000 (points), could drag it (Nifty 50) towards 22500 and lower levels in the near term," Kumaar said. (Arya S. Biju)
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.
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