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Indian markets may open weak as Gift Nifty signals a negative start on March 9, down 274 points at 24,300. Last week, Sensex and Nifty 50 saw sharp declines.
Stock Market This Week
Stock Market This Week: Indian equity markets may begin the week on a weak note as Gift Nifty signals a negative start for benchmark indices on Monday, March 9. As of Sunday afternoon, Gift Nifty was trading at 24,300, down 274 points or 1.11%, indicating a likely gap-down opening for the Nifty 50 when domestic markets resume trading.
Gift Nifty (formerly known as SGX Nifty) is a derivative contract based on India’s Nifty index that trades on the GIFT City exchange in Gujarat. Because it trades for longer hours than Indian markets and remains active when domestic exchanges are closed, it often reflects global cues and investor sentiment ahead of the next trading session in India.
The Middle East crisis hasn’t seen subsiding anytime soon, raising concerns of further hike in crude oil prices and LNG amid the supply disruption due to the partial closure of the Strait of Hormoz and stoppage of production by Kuwait and Qatar.
Sensex, Nifty End On Weak Note Last Week
Indian equity markets ended the previous week on a weak note, with benchmark indices Sensex and Nifty 50 posting sharp declines amid cautious global cues and profit booking.
The BSE Sensex fell 2,879.48 points, or 3.52%, over the past five sessions to close at 78,918.90 on March 6, slipping below the key 79,000 level. During the last trading session of the week, the index opened at 79,658.99, touched an intraday high of 79,753.03, and fell to a low of 78,812.18, compared with the previous close of 80,015.90.
Key Triggers To Watch
Meanwhile, the Nifty 50 also ended the week in the red, declining 438.70 points, or 1.76%, over the five-day period to settle at 24,450.45. On Friday, the index opened at 24,656.40, hit a high of 24,700.90, and dropped to a low of 24,415.75, against its previous close of 24,765.90.
1. Middle East Tensions and Crude Oil Prices
Escalating geopolitical tensions in the Middle East remain a major concern for global markets. Any disruption to oil supply routes could push crude oil prices higher, which is negative for India as it is a large oil importer. Rising crude prices can increase inflationary pressures, widen the current account deficit, and weigh on market sentiment.
2. FIIs Activity
Foreign Institutional Investors (FIIs) will remain a crucial trigger for market direction. Sustained selling by FIIs in recent sessions has added pressure on Indian equities. If global risk-off sentiment continues, foreign investors may remain cautious, which could keep markets volatile.
3. Global Market Cues and US Economic Data
Indian markets will also track global equity trends and key US economic data, including inflation and interest rate expectations. Strong US data could influence the Federal Reserve’s policy outlook, impacting global liquidity flows and emerging markets like India.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
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March 08, 2026, 15:41 IST
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