Updated on: Apr 06, 2026 8:29:32 AM IST
The National Stock Exchange building in Bandra Kurla Complex, Mumbai.
India’s stock market is likely to open little changed today, as caution over a possible escalation in the Iran war offset sentiment after US President Donald Trump threatened “hell” if Tehran misses his deadline to reopen the Strait of Hormuz. GIFT Nifty futures were trading at 22,725 as of 8:15 am, indicating that the benchmark Nifty 50 will open near Thursday’s close of 22,713.1 points. India’s stock market was shut on Friday for Good Friday.
Brent crude prices jumped above $110 a barrel, while Asian markets were mixed following Trump’s warning to Iran.
In an expletives-laden social media post, Trump told Iran to reopen the Strait of Hormuz, a vital conduit for about a fifth of global oil and natural gas supplies that has largely remained shut since the war began five weeks ago.
The Nifty 50 and Sensex lost 0.5% and 0.4%, respectively, last week, extending losses to a sixth straight week, as the Iran war and the resulting energy shock jolted markets.
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Brent crude prices jumped above $110 a barrel, while Asian markets were mixed following Trump’s warning to Iran.
In an expletives-laden social media post, Trump told Iran to reopen the Strait of Hormuz, a vital conduit for about a fifth of global oil and natural gas supplies that has largely remained shut since the war began five weeks ago.
The Nifty 50 and Sensex lost 0.5% and 0.4%, respectively, last week, extending losses to a sixth straight week, as the Iran war and the resulting energy shock jolted markets.
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Apr 06, 2026 8:29:29 AM IST
Stock Market LIVE: Nifty Bank’s $95-billion rout is likely to deepen
India’s bank stocks are likely to face further losses as the RBI tightens its grip on rupee trading and rising crude oil prices weigh on profit outlooks, analysts say.
Jefferies estimates banks may face up to ₹5,000 crore in losses from the unwinding of currency trades due to central bank directives.
Already, global investors withdrew a record ₹32,700 crore from bank stocks in the first two weeks of March, according to National Securities Depository Ltd. data. The Nifty Bank Index has lost $95 billion market cap since the start of March, narrowly avoiding a bear market — defined as a 20% drop from a recent high.
“There could be further pressure on these stocks in the short-to-medium term as monetary policy can remain tight,” said Kranthi Bathini, an equity strategist at WealthMills Securities.
Apr 06, 2026 8:20:27 AM IST
Stock Market LIVE: Stocks in Focus Today
• HDFC Bank Ltd. reported a 10% growth in average advances and a bigger 12.8% growth in average deposits in the March quarter.
• Kotak Mahindra Bank’s advances rose 16.2%, while Bajaj Finance reported a 20.5% jump in new loans.
• Wipro Ltd. to acquire Mindsprint, a subsidiary of Singapore-based Olam Group, for an enterprise value of $375 million.
• IndusInd Bank Ltd. reports 8.7% drop in net advances for the quarter ended 31 March, while deposits fell 2.6%.
• Dabur Ltd. expects Q4 operating profit to grow faster than revenue as sturdy local demand at home counters slower global growth.
• Sobha Ltd. reported 11.1% growth in sales in Q4 FY26, while average price realisation rose 29.6%.
