Indian Stock Market Sees Sudden Shifts: Nifty, Dow Jones, Oil Prices and US-Iran Tensions Impact Overnight Trading.

Global Market Update - March 6, 2026

Indian Stock Market The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday following a sharp fall in global markets. The ongoing war in the Middle East between the US and Israel against Iran has raised oil prices globally, leading to concerns of high inflation.

Global Market Trends Asian markets traded lower on Friday, following overnight losses on Wall Street. Japan's Nikkei 225 declined 0.24%, while the Topix dropped 0.42%. South Korea's Kospi lost 0.87%, while the Kosdaq rallied 2.45%. The Hang Seng index futures in Hong Kong indicated a lower start.

US Stock Market The US stock market ended sharply lower on Thursday, with the Dow Jones Industrial Average declining 784.67 points, or 1.61%, to 47,954.74. The S&P 500 fell 0.56%, to 6,830.71, while the Nasdaq Composite closed 0.26% lower at 22,748.99.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Key Stock Performance Microsoft share price gained 1.35%, while Amazon stock price added 0.98%. Tesla stock price eased 0.09%, and Southwest Airlines shares plunged 6.9%.

Global Economic Indicators The US Treasury yields climbed for a fourth straight day, with the yield on the benchmark US 10-year Treasury note rising 5 basis points to 4.132%. The yield on the 30-year bond advanced 2.6 bps to 4.743%. Japanese bond yields also edged higher, with the 10-year JGB yield rising 1.5 basis points to 2.170%.

Oil Prices Crude oil prices were headed for the biggest weekly surge since 2022 due to the war in the Middle East disrupting supplies. Brent crude oil price fell 0.50% to $81.02 a barrel, while the US West Texas Intermediate (WTI) crude futures declined 0.54% to $76.75.

Commodity Prices Gold prices steadied after losing more than 1% in the previous session. Spot gold rose 0.2% to $5,093.63 an ounce, while silver price rose 0.3% to $82.47 an ounce.

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

Currency Markets The US dollar was steady and poised for its steepest weekly gain in more than a year. The dollar index was trading a touch lower by 0.06% at 99.00, still on course for a 1.4% gain this week.