Nifty Falls Amid Global Tensions: Eight Stocks to Watch

Indian Stock Market Outlook for Friday, March 27, 2026

The Indian stock market is likely to open on a weak note, driven by a mix of global uncertainty, macro pressures, and continued institutional selling. The environment remains highly volatile and event-driven, with the ongoing conflict in the Middle East being a key overhang.

Global Market Trends

The US stock market closed sharply lower overnight, with the Nasdaq Composite falling 2.4% and the Dow Jones falling by 400 points. The S&P 500 dropped 1.7%, marking their steepest single-day declines since the escalation of the West Asia conflict. Asian markets followed suit, with South Korea's KOSPI dropping over 3% and Japan's Nikkei falling over 1.5%.

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Key Factors Influencing the Market

The Israel-US-Iran war continues to be a key overhang, with intermittent signs of de-escalation but a persistent risk of renewed escalation. The lack of meaningful progress in resolving the ongoing US-Iran war is a primary trigger for this shift, keeping risk appetite under pressure.

Commodity Prices

Gold and silver rates pared losses on Friday, March 27, after US President Donald Trump delayed the deadline for reaching an agreement with Iran to end the Middle East conflict. The COMEX gold rate was trading 0.33% higher at $4,423 per ounce, while the COMEX silver prices were up 0.29% to $68.13 per ounce.

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

India VIX and FII-DII Data

The India VIX index finished below 25, but the environment remains highly volatile and event-driven. FIIs remained net sellers on Wednesday, selling out Indian stocks worth ₹1,805.37 crore in the cash segment. DIIs remained net buyers, adding shares worth ₹5,429.78 crore in the cash segment.

Nifty 50 Outlook

Ajit Mishra, SVP — Research at Religare Broking Ltd, expects the rebound to extend towards the 23,600–23,800 zone, while the 22,600–23,000 band is expected to act as an immediate support area on any dip. Participants are advised to avoid aggressive positioning and remain selective, with a preference for stocks that are consistently outperforming within their respective sectors.

Gift Nifty Live Chart

The Gift Nifty live chart is down by around 250 points but sustaining above the crucial 23,000 level, indicating a weak start for the Indian stock market.