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EQUITY
Post Session: Quick Review
Mar-09-2026

Indian equity benchmarks ended significantly lower on Monday, amid broad-based selling across sectors and persistent geopolitical tensions in the Middle East. Markets made a gap-down opening, as investors remained cautious after global crude oil prices surged past $100 per barrel following production cuts by major Middle Eastern producers-including Kuwait, Iran, and the United Arab Emirates-after the closure of the Strait of Hormuz. However, markets pared some losses from day's low points in the second half of the session, supported by value buying at lower levels.

Some of the important factors in trade:

Prolonged middle east crisis may weigh on rupee, fuel inflation: Traders were concerned as a finance ministry report cautioned that prolonged crisis in the Middle East can have adverse implications on the exchange rate and may stoke inflationary pressures on account of rising prices of petroleum goods and fertilisers. 

India’s $11.8 billion agri exports to West Asia at risk: Traders remained cautious as the Global Trade Research Initiative (GTRI) stated that India's agri and food products exports worth $11.8 billion to West Asia are at risk as the conflict in the region is disrupting shipping routes, raising insurance costs and creating uncertainty in logistics. 

Foreign fund outflows make investors jittery: Sentiments remained downbeat as Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,030.38 crore on Friday, according to exchange data.

On the global front: European equity markets traded in red as investors braced for a prolonged conflict in the Middle East that could send energy costs even higher, risking inflation and regional economic growth. Asian markets ended in red as oil prices surged above $100 a barrel for the first time since 2022 amid escalating political tensions in West Asia.

The BSE Sensex ended at 77566.16, down by 1352.74 points or 1.71% after trading in a range of 76424.55 and 77711.35. There were 5 stocks advancing against 25 stocks declining on the index. (Provisional)

The top losing sectoral indices on the BSE were Auto down by 3.89%, Bankex down by 3.16%, Oil & Gas down by 3.11%, PSU down by 2.95% and Basic Materials down by 2.77%, while there were no gaining sectoral indices on BSE. (Provisional)

The top gainers on the Sensex were Reliance Industries up by 0.91%, Infosys up by 0.47%, HCL Technologies up by 0.45%, Sun Pharma up by 0.17% and Tech Mahindra up by 0.09%. On the flip side, Ultratech Cement down by 5.23%, Maruti Suzuki down by 4.68%, Mahindra & Mahindra down by 4.52%, Tata Steel down by 3.78% and SBI down by 3.72% were the top losers. (Provisional)

Meanwhile, the Commerce and Industry Minister Piyush Goyal has said that India obtained the most favorable trade agreement with the United States (US) among its competing nations. He noted that the two countries share a very powerful relationship. He stated that the United States has the world’s largest economy, valued at about $30 trillion, and nobody can wish it away.

Moreover, he said that India and the United States are strategic partners and together represent the world’s two largest democracies. He added that ultimately a trade deal is about preference over competitors.

He mentioned ‘There’s a huge critical minerals partnership, there’s a defense partnership, there’s a huge amount of investments that flow into India from the US. So it’s a partnership of two countries which is going to define the future.’ These remarks come at an important time as the two countries have finalised the framework for the first phase of their bilateral trade agreement. Under the deal, the US had announced to reduce reciprocal tariffs on India to 18 per cent. 

The CNX Nifty ended at 24028.05, down by 422.40 points or 1.73% after trading in a range of 23697.80 and 24078.15. There were 8 stocks advancing against 42 stocks declining on the index. (Provisional)

The top gainers on Nifty were Wipro up by 1.59%, Reliance Industries up by 1.37%, Apollo Hospital up by 0.86%, Infosys up by 0.57% and HCL Technologies up by 0.41%. On the flip side, Tata Motors Passenger Vehicles down by 5.29%, Ultratech Cement down by 5.08%, Maruti Suzuki down by 4.67%, Eicher Motors down by 4.53% and Mahindra & Mahindra down by 4.35% were the top losers. (Provisional)

European markets were trading lower; France’s CAC fell 154.09 points or 1.93% to 7,839.40, Germany’s DAX lost 388.43 points or 1.65% to 23,202.60 and UK’s FTSE 100 decreased 123.19 points or 1.2% to 10,161.56.

Asian markets settled lower on Monday as surging crude oil prices above $100 per barrel for the first time since 2022 fuelled inflation concerns and further dimmed the prospects for near-term reductions in US interest rates. Meanwhile, major Middle Eastern oil producers cut output, and shipments through the Strait of Hormuz remain halted. Further, sentiments remained weak as the US-Israel war with Iran entered its second week with no clear resolution. Chinese shares dropped after the release of mixed inflation data, with China's consumer prices (CPI) rising 1.3% year-on-year in February, while the country's producer prices (PPI) fell 0.9% year-on-year.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,096.60

-27.59

-0.67

Hang Seng

25,408.46

-348.83

-1.38

Jakarta Composite

7,337.37

-248.32

-3.27

KLSE Composite

1,674.17

-43.89

-2.55

Nikkei 225

52,728.72

-2,892.12

-5.20

Straits Times

4,756.61

-91.64

-1.89

KOSPI Composite

5,251.87

-333.00

-5.96

Taiwan Weighted

32,110.42

-1,489.12

-4.43
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