logo
EquityWireEquity Alert: Market seen opening down as West Asia war keeps crude elevated
Equity Alert

Market seen opening down as West Asia war keeps crude elevated

This story was originally published at 08:58 IST on 7 September 2026
Register to read our real-time news.

Informist, Monday, Sept. 7, 2026                                      Tel +91 (22) 6985-4000


Equity Alert: Market seen opening down as West Asia war keeps crude elevated

 

MUMBAI--0835 IST--Indices are expected to start the week lower as the war in West Asia continues to weigh on investor sentiment. Over the weekend, the US and Iran exchanged attacks, pushing crude oil prices higher to nearly $97 per barrel. Stronger-than-expected US jobs data have raised expectations of a Federal Reserve interest rate hike.

 

The Nifty 50 index is trading close to the support zone 23600-23800 of the past two-and-a-half-month consolidation phase, Vipin Kumar, senior technical and derivatives analyst at Globe Capital Market, said. A sustained move above 24000 is expected to lead the index towards 24200 and higher levels in the near term. "Hence, we suggest that traders maintain a stock and sector-specific trading approach as long as the index is hovering within this consolidation phase," Kumar said. 

 

Reports said Iran plans to announce a new 'exclusion zone' near the Strait of Hormuz, aimed at vessels it believes are attempting to transit the waterway. This comes after the US targeted three Iranian oil tankers in retaliation for Tehran's attack on US warships. Crude oil prices remained elevated as energy supply concerns persist due to the ongoing war. Data from Kpler revealed that shipping traffic through the Strait of Hormuz has fallen to its lowest level since May, despite the US claims that the Navy is escorting more ships through the waterway. 

 

The US Treasury yields rose after the jobs report, with the 2-year Treasury yield rising more than 4 basis points to 4.377% and reaching its highest level since January 2025 during the day. The 10-year Treasury yield settled at 4.78%, up 1 bp from Thursday. This follows the US employment report for August, which showed non-farm payrolls increased by 162,000 and the unemployment rate was unchanged at 4.1%. Economists polled by Reuters expected job additions of 56,000. This reading has raised expectations of a rate hike by the US Federal Reserve. 

 

Starting Monday, the exchanges have revised the pre-open framework to align it with the new closing auction system introduced in March. Under the new system, from 0905 IST to 0910 IST, no market orders can be placed or revised. The random closing mechanism will now take place between 0908 IST and 0910 IST, instead of 0907 IST. (Adhithya Aji) 


Equity Alert: US indices end lower Fri after jobs data raises rate-hike risk

 

MUMBAI--0745 IST--Major US indices closed lower Friday, and Dow Jones futures fell further Monday after a better-than-expected August employment report raised the probability that the US Federal Reserve may hike interest rates at its monetary policy meeting later this month. US Treasury yields rose after the jobs report, with the 2-year Treasury yield rising more than 4 basis points to 4.377% and reaching its highest level since January 2025 during the day. The 10-year Treasury yield settled at 4.78%, up 1 bp from Thursday.


The US employment report for August showed that non-farm payrolls grew by 162,000 and the unemployment rate was unchanged at 4.1%. Economists polled by the Dow Jones expected the rise at 53,000. "Net, net, the labor market is alive and well and generating thousands of new jobs to help keep economic growth squarely in the plus column," Chris Rupkey, chief economist at Fwdbonds, told CNBC. Financial markets were pricing a 58% possibility of a rate hike in the next Federal Reserve meeting, up from 49% on Thursday, according to the CME FedWatch Tool. 

 

The Dow Jones Industrial Average was hit hardest among its peers and ended 0.5% lower Friday. Index heavyweights UnitedHealth Group and Microsoft Corp. were down nearly 1% and 2%, respectively. The Nasdaq Composite and S&P 500 were down 0.3–0.4%. Shares of Tesla were down nearly 6?ter its Cybercab launch. Shares of Lululemon Athletica were down over 17?ter the company cut its full-year earnings forecast, according to a Reuters report. Semiconductor stocks outperformed in the region, while software and services were hit hardest, the report added.     

 

Index

Level

Change in %

Dow Jones Industrial Average

53414.25 (-)0.5

NASDAQ Composite

26506.99 (-)0.3

S&P 500

7718.60 (-)0.4

 

(Vidhi Thacker)

 

US$1 = INR 94.49

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

 

Edited by Saji George Titus

 

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 - https://www.sebi.gov.in
Bombay Stock Exchange - https://www.bseindia.com
National Stock Exchange of India - https://www.nseindia.com
Directory of Indian government websites - https://igod.gov.in/
Indian Ministry of Finance - https://igod.gov.in/organization/Ic4zv3QBGZk0jujBKgGW
Reserve Bank of India - https://rbi.org.in
Controller General of Accounts, Government of India - https://cga.gov.in/
Government's Press Information Bureau - https://www.pib.gov.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.

To read more please subscribe

Share this Story:

twitterlinkedinwhatsappmaillink

Related Stories