Overnight Market Developments: 7 Key Factors Affecting Indian Equities
Indian Stock Market Benchmark Indices Expected to Open Lower on Friday
The Indian stock market benchmark indices, Sensex and Nifty 50, are anticipated to open lower on Friday, following mixed cues from global markets, amid optimism that the US-Iran war could end soon. Asian markets traded lower, while the US stock market ended higher overnight, with the Nasdaq rising for the 12th consecutive session, its longest winning streak since July 2009.
On Thursday, the Indian stock market gave up gains and ended lower amid profit booking in select index heavyweights. The Sensex declined 122.56 points, or 0.16%, to close at 77,988.68, while the Nifty 50 settled 34.55 points, or 0.14%, lower at 24,196.75. Research analysts at Religare Broking Ltd. have reiterated their positive stance on the Nifty 50, recommending a 'buy on dips' approach, focusing on stock selection based on rotational sectoral trends.
Global Market Cues for Sensex Today
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| Market | Change |
|---|---|
| Japan's Nikkei 225 | -0.7% |
| Japan's Topix | -0.62% |
| South Korea's Kospi | -0.43% |
| South Korea's Kosdaq | -0.35% |
| Hong Kong Hang Seng index futures | Lower opening |
Asian markets traded lower on Friday amid cautiousness over the US-Iran war, with Japan's Nikkei 225, Topix, South Korea's Kospi, and Kosdaq all declining. Hong Kong Hang Seng index futures indicated a lower opening.
The US stock market ended higher on Thursday, with the Nasdaq and the S&P 500 touching intraday record highs, on optimism that the US-Iran war could end soon. The Dow Jones Industrial Average gained 115.00 points, or 0.24%, to 48,578.72, while the S&P 500 rose 18.33 points, or 0.26%, to 7,041.28. The Nasdaq Composite closed 86.69 points, or 0.36%, higher at 24,102.70.
US Stock Market Performance
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
| Stock | Change |
|---|---|
| NVIDIA | -0.26% |
| AMD | 7.80% |
| Microsoft | 2.20% |
| Apple | -1.14% |
| Tesla | -0.78% |
| Voyager Technologies | 8.8% |
NVIDIA's stock price fell 0.26%, while AMD's shares jumped 7.80%. Microsoft's share price rallied 2.20%, and Apple's stock price declined 1.14%. Tesla's stock price eased 0.78%, and Voyager Technologies surged 8.8%.
A 10-day ceasefire between Lebanon and Israel went into effect on Thursday, and US President Donald Trump said the next meeting between the United States and Iran may take place over the weekend. Trump said Iran had offered not to possess nuclear weapons for more than 20 years.
Wipro Q4 Results
Wipro's IT services revenue in Q4FY26 rose 2.73% QoQ to ₹24,017 crore, while dollar revenue grew 0.6% QoQ to $2,651 million. EBIT increased 1% to ₹4,155 crore, while EBIT margin dropped to 17.3% from 17.6%, QoQ. The IT services major also announced a share buyback worth ₹15,000 crore. Wipro will buy back up to 60 crore equity shares, or 5.7% of the total paid-up equity share capital, at ₹250 per share.
Crude oil prices fell on optimism that the US-Iran war could be nearing. Brent crude futures declined by 1.35% to $98.05 a barrel, while US West Texas Intermediate crude futures fell 1.74% to $93.40 a barrel.
Gold Price Today
Gold prices trimmed gains amid a potential US-Iran peace deal. Spot gold price was little changed at $4,790.61 an ounce.
Investor Takeaway
Monitor earnings developments and geopolitical cues for further directional clarity.
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