Indian benchmark indices Sensex and Nifty 50 are likely to open sharply lower, tracking weak global cues after crude oil prices surged
Sensex Today: Indian benchmark indices Sensex and Nifty 50 are likely to open sharply lower on Monday, tracking weak global cues after crude oil prices surged past $100 per barrel amid escalating geopolitical tensions.
Early indicators point to a gap-down start for domestic equities. The GIFT Nifty was trading around the 23,800 level, nearly 745 points below the previous close of Nifty futures.
Oil prices spiked after the intensifying conflict involving the United States and Iran raised fears of tighter global supply and potential disruptions to shipping through the Strait of Hormuz. Crude prices climbed to their highest levels since July 2022.
The global benchmark Brent Crude Oil jumped 19.81% to $111.05 per barrel, while West Texas Intermediate Crude Oil futures surged 22.26% to $111.13 per barrel.
On Friday, Indian markets had already closed sharply lower amid mounting geopolitical concerns. The BSE Sensex plunged 1,097 points, or 1.37%, to settle at 78,918.90, while the Nifty 50 fell 315.45 points, or 1.27%, to close at 24,450.45, slipping below the 24,500 mark.
Stock Market Live Updates: Opening Bell: Sensex crashes over 2,000 points, Nifty below 23,850; India VIX soars 14%
Stock Market Live Updates: Sensex tumbles over 1,800 points in pre-opening session, Nifty below 23,900
Stock Market LIVE Updates: RBI likely selling dollars to avert rupee slide to record low, traders say
The Indian central bank likely stepped into the foreign exchange market on Monday, four traders told Reuters, to limit the rupee’s decline as a surge in oil prices pummelled currencies across Asia.
The central bank stepped in before the local spot market opened, helping the rupee rebound slightly from around 92.30 to 92.20 in the interbank order matching system.
The currency had declined to a record low of 92.3025 last week. An over 20% jump in oil prices triggered a broad-based selloff in Asian stocks and currencies on Monday as investors fretted over the deepening conflict in the Middle East.
Stock Market LIVE Updates: Indian rupee opens down 0.5% at 92.1975 per U.S. dollar; previous close 91.74
Stock Market LIVE Updates: FIIs dump over Rs 6,000 crore worth shares; DIIs buy nearly Rs 7,000 crore on March 6
Foreign investors (FIIs/FPIs) net sold Rs 6,030 crore worth of Indian equities on March 6, 2026. On the contrary, domestic institutional investors (DIIs) net bought shares worth nearly Rs 6,972 crore, according to provisional exchange data.
During the trading session on Friday, FIIs purchased shares worth Rs 14,435 crore but sold shares worth Rs 20,465 crore. Meanwhile, DIIs bought shares aggregating Rs 19,662 crore and offloaded shares worth Rs 12,691 crore.
For the year so far, FIIs have been net sellers of shares worth Rs 60,364 crore, while DIIs have net bought shares worth Rs 1,28,348 crore.
Stocks To Watch: DMart, Meesho, UltraTech, Kotak Mahindra Bank, Tata Power, PB Fintech, And Others
Shares of firms like DMart, Meesho, UltraTech, Kotak Mahindra Bank, Tata Power, PB Fintech, and others will be in focus on Monday’s trade
Stock Market LIVE Updates: Asian markets crash as crude oil price hits 52-week high, logging 20% intraday gain; Nikkei, Kospi fall over 6%
Asian markets plunged up to 6% on Monday as surging crude oil prices due to the war in the Middle East lead to a sharp sell-off in risky assets. Oil prices breached $100 per barrel for the first time since 2022.
Japan’s Nikkei 225 tumbled 6.22% and fell below the 53,000 mark for the first time since February 6, while the Topix declined 5.27%.
South Korea’s Kospi cracked 6.68%, triggering a temporary trading halt for the Kospi 200 futures. Last week on Wednesday, a circuit breaker was activated when the benchmark crashed more than 12% to record its worst single-day decline.
Hong Kong Hang Seng index futures indicated a sharply lower opening.
Stock Market LIVE Updates: Crude On Boil
The escalating US-Iran war led to a spike in crude oil prices on fears of tighter supply and prolonged disruptions to shipments through the Strait of Hormuz. Crude oil prices hit their highest since July 2022.
Brent crude oil price jumped 19.81% to $111.05 a barrel, while the US West Texas Intermediate (WTI) crude futures spiked 22.26% to $111.13.
Stock Market LIVE Updates: Gift Nifty Down 745 Points
The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,800 level, a discount of nearly 745 points from the Nifty futures’ previous close.
Stock Market LIVE Updates: GIFT Nifty Indicates Gap-Down Opening
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open with significant losses on Monday, following weak global markets as crude oil prices surged past $100 a barrel.
