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MARKET COMMENTARY

Mar-04-2026 08:40

Indian equity benchmarks Sensex and Nifty are expected to open on a weak note today, March 4, following negative cues from global markets. Early indications from GIFT Nifty, which was trading around 24,431, suggest a sharp gap-down opening for the domestic indices, down about 551 points or 2.21% as of 7:25 AM.

The weakness comes amid continued selling pressure in global equities, largely driven by rising geopolitical tensions between the US and Iran, which have pushed crude oil prices higher and dampened overall investor sentiment.

The Indian financial markets remained closed on Tuesday due to the Holi holiday.

On Monday, the 30-share benchmark index ended at 80238.85 down by -1048.34 points or by -1.29 % and then NSE Nifty was at 24865.7 down by -312.95 points or by -1.24 %.

On the global front, Asian markets declined for three days in a row, with South Korea’s Kospi dropping 7 per cent in early trade on Wednesday. The index slumped 6.6 per cent to 5,406.64 so far.

Japan’s Nikkei 225 and Hong Kong's Hang Seng declined as much as 3.23 per cent and 1.5 per cent, respectively. In China, market participants will focus on the annual parliamentary meeting, scheduled to start on Wednesday, for fresh economic and development related announcements.

Overnight, the US share indices ended off their day’s low after US President Donald Trump assured the security of shipping through the Strait of Hormuz. The Dow Jones Industrial Average and S&P 500 ended 0.83 per cent and 0.94 per cent down, respectively.

Back home, Top traded Volumes on NSE Nifty – Eternal Ltd. 73388956.00, Oil And Natural Gas Corporation Ltd. 65843426.00, HDFC Bank Ltd. 38378924.00, Bharat Electronics Ltd. 35034174.00, Tata Steel Ltd. 30523310.00, On NSE, total number of shares traded was 618.70 Crore and total turnover stood at Rs. 135372.72 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 224131 with a total turnover of Rs. 37391.24 Crore. Along with this total number of contracts traded in stock futures were 1454748 with a total turnover of Rs. 98324.09 Crore. Total numbers of contracts for index options were 472845987 with a total turnover of Rs. 76460181.54 Crore. and total numbers of contracts for stock options were 5769135 with a total turnover of Rs. 404402.39 Crore.

The FIIs on 02/03/2026 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 39599.89 Crore and gross debt purchased stood at Rs. 184.68 Crore, while the gross equity sold stood at Rs. 45067.36 Crore and gross debt sold stood at Rs. 738.31 Crore. Therefore, the net investment of equity and debt reported were Rs. -5467.47 Crore and Rs. -553.63