Stock Market Update

Indian Stock Market to Open Lower

The Indian stock market is expected to open lower on Monday, March 2, amid the escalating war in the Middle East. The war was sparked by US and Israeli strikes on Iran, which resulted in the death of Iran's Supreme Leader Ayatollah Ali Khamenei.

Market Trends

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The trends on Gift Nifty indicate a negative start for the benchmark indices, Nifty 50 and Sensex today. This is consistent with Asian markets, which traded sharply lower, and US stock futures, which declined as investors sought safe-haven assets.

Global Market Performance

• MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2%.
• Gold prices rallied in response to the increased risk of conflict in the Middle East.
• Crude oil prices surged, driven by the escalating tensions in the region.
• The US dollar gained against other currencies, while the US 10-year Treasury yields steadied at 3.970%, having briefly touched an 11-month low of 3.926%.