Indian Equities, Global Markets React to US-Iran Diplomatic Developments

Indian Stock Market Outlook: Mixed Global Cues Weigh on Sensex and Nifty 50

The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday, following weak global market cues. Asian markets traded mixed, while the US stock market ended mostly lower overnight, amid selling in technology stocks.

Key Global Market Cues:

• Asian Markets: Japan's Nikkei 225 fell 0.6%, while the Topix traded flat. South Korea's Kospi declined 1.1%, while the Kosdaq dropped 0.35%.
• Wall Street: The Dow Jones Industrial Average rose 17.05 points, or 0.03%, to 49,499.20, while the S&P 500 declined 37.27 points, or 0.54%, to 6,908.86.
• Technology Stocks: Nvidia stock price cracked 5.49%, AMD shares declined 3.41%, while Microsoft share price gained 0.28%.

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Domestic Market:

• Sensex: Eased 27.46 points, or 0.03%, to close at 82,248.61.
• Nifty 50: Settled 14.05 points, or 0.06%, higher at 25,496.55.

Global Events:

• US-Iran Nuclear Talks: Iran said nuclear talks with the US progressed "very intensely and very seriously."
• Sebi Circular: Sebi revised the valuation methodology for physical gold and silver held by mutual fund schemes, mandating the use of polled spot prices published by stock exchanges for calculating the worth, effective from April 1, 2026.
• Japan Factory Output: Japan's factory output was up 2.2% in January from the previous month, worse than the median market forecast for a 5.3% rise.
• Gold and Crude Oil Prices: Gold prices steadied after the US and Iran agreed to prolong nuclear talks, while crude oil prices traded lower after the US and Iran agreed to more nuclear talks next week.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline