Liquide Market Summary 2nd March 2026
The Indian equity indices declined over 1% on March 2, pressured by weak global cues as escalating tensions between the US and Iran drove crude oil prices sharply higher, dampening investor sentiment.
Indian Stock Market Today: The Indian equity indices declined over 1% on March 2, pressured by weak global cues as escalating tensions between the US and Iran drove crude oil prices sharply higher, dampening investor sentiment.
The benchmarks opened lower amid heightened geopolitical concerns, with the Nifty slipping near 24,600 in early trade. Although the market staged a partial recovery during the session, selling pressure persisted, and the Nifty ultimately closed below the 24,900 mark.
The Nifty Midcap and Smallcap indices each fell over 1.5%. Barring Defence, Metal and Pharma, all other sectoral indices ended in negative territory.
The Indian market will remain closed on March 3 (Tuesday) on account of Holi.
NIFTY: The index opened 519.40 points lower at 24,659.25, reached a high of 24,989.35 and closed at 24,865.70. Nifty formed a bullish candle on the daily chart following the recovery; however, it needs to fill the bearish gap for bulls to regain full control of the trend. Immediate resistance is placed at 24,950, while immediate support stands at 24,700.
BANK NIFTY: The index opened 1,324.70 points lower at 59,204.30, reached a high of 60,177.50 and closed at 59,839.65. Bank Nifty, too, formed a bullish candle with an upper shadow. Immediate resistance is placed at 60,120, with support around 59,400.
Stocks in News
- Paras Defence: Stock jumped over 5% after the company announced its entry into the semiconductor space through the incorporation of a new subsidiary, Paras Semiconductors Pvt Ltd.
- Muthoot Finance: Stock gained 3.5% as gold prices climbed amid escalating geopolitical tensions. Sentiment was further supported after Morgan Stanley upgraded the stock to "Overweight" from "Equal-weight."
- Interglobe Aviation: Stock plunged over 6% as the ongoing Middle East conflict disrupted key transit routes and heightened concerns over rising aviation fuel costs.
Other News
- Most Asian markets declined on Monday, as escalating geopolitical tensions and heightened risk aversion weighed on investor sentiment. However, mainland Chinese markets showed resilience, posting modest gains amid selective buying.
- European equities fell to a two-week low as the Middle East conflict showed no signs of easing. The uncertainty triggered a broad-based selloff, with most sectors in negative territory.
- Crude oil prices surged nearly 13% in early trade to above $82 per barrel as the conflict severely disrupted shipping through the Strait of Hormuz, a critical route that handles nearly one-fifth of global oil supply.
- Gold prices climbed more than 2% after US-Israel strikes on Iran intensified, raising fears of prolonged geopolitical and economic uncertainty and driving investors toward safe-haven assets.
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