Global Market Outlook: Key Indicators to Watch for Today's Trade Activity

Financial Report: March 9

Indian Equity Benchmarks

India's key equity indices, the Sensex and Nifty, are expected to open lower on March 9, tracking losses in the GIFT Nifty, which was trading at around 23,844 in early indications.

Previous Session's Performance

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On March 6, the Indian benchmark indices failed to sustain the previous session's momentum, slipping over 1%. The Nifty settled at 24,450, while the Sensex closed at 78,918.90, down 1,097 points or 1.37%.

Global Markets

Asian markets were trading lower in early Monday trade, with the Kospi plunging nearly 8%. Japan's Nikkei 225 tumbled 6.4%, falling below the 52,000 mark for the first time since February 6. The US Dow Jones Industrial Average fell 0.95% to 47,501.55 points, posting its steepest weekly percentage drop since early April 2025.

Oil Prices

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Crude oil surged above $100 a barrel for the first time since 2022, due to escalating hostilities in the Middle East and worsening strains on oil shipping.

Currency and Bond Market

The Dollar Index took another leg higher, jumping to a three-month peak on the euro. The yield on 10-year US Treasuries rose more than 4 basis points to 4.18%, while the 2-year US Treasuries rose nearly 4 basis points to 3.71%.

Fund Flow Action

On March 6, Foreign Institutional Investors (FIIs) sold equities worth over Rs 6,000 crore, extending their selling streak to the sixth consecutive session. In contrast, Domestic Institutional Investors (DIIs) bought shares worth more than Rs 6,971 crore.