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Stock Market News Today Live Updates: GIFT Nifty Suggests Gap-Down Open; South Korea's Kospi Slumps 8%

The GIFT Nifty, an early indicator of Nifty 50's performance, was trading at 24,494, suggesting a gap-down open.

Stock Market News Today Live Updates: GIFT Nifty Suggests Gap-Down Open; South Korea's Kospi Slumps 8%
3 minutes ago

Hello and welcome to our live coverage on stock markets.

The GIFT Nifty, an early indicator of Nifty 50's performance, was trading at 24,494, suggesting a gap-down open. On Monday, Indian equity benchmarks plunged, wiping out nearly Rs 2.5 lakh crore of investors' wealth amid a global selloff triggered by the crisis in the Middle East. The Nifty 50 ended 312 points or 1.24% lower at 24,865 and the BSE Sensex settled 1,048 points down at 80,238. Markets in India were shut on Tuesday for Holi.

Elsewhere in Asia, South Korea's Kospi fell 7.24% on Wednesday, extending losses after its worst session in 19 months, amid an escalating war in the Middle East. Japan's Nikkei 225 was down 2.91% at 54,643.28. Australia's S&P/ASX 200 declined 1.71% to 8,921.70.

Stock Market Live: Citi Flags LNG Supply Risk For India After Qatar Halts Production

  • Citi said gas supply could be a bigger risk for India than oil amid Middle East tensions.
  • The brokerage cited Qatar’s announcement to halt liquefied natural gas (LNG) production, noting Qatar has supplied about 40–50% of India’s LNG imports.
  • Citi said replacing these volumes would be challenging amid a sharp rise in global gas prices.

Stock Market Live: Kosdaq Triggers Circuit Breaker, Trading Halted For 20 Minutes

  • South Korea’s Kosdaq fell for a second straight day, triggering a circuit breaker that halted all trading on the Kosdaq market for 20 minutes.
  • The Korea Exchange said this is the 11th time a circuit breaker has been triggered on the Kosdaq.
  • It is the first such halt in about 19 months, since August 5, 2024.
  •  

Stock Market Live: Morgan Stanley Initiates Overweight On Shadowfax Tech, Target Price Rs 180

  • Morgan Stanley initiated coverage on Shadowfax Tech with an overweight rating and a target price of Rs 180.
  • The brokerage said Shadowfax is executing well as industry structure turns more supportive, and that its focus on niche segments has helped improve profitability and keep the business profitable.
  • Morgan Stanley said Shadowfax is relatively less capital intensive than peers, supporting better cash flow conversion.

Stock Market Live: Kospi Extends Fall, Down 8.10%

  • South Korea’s Kospi fell 8.10% to 5,322.93.
  • The index was down 468.98 points in the session.

Stock Market Live: Gap-Down Opening Cues Build As Brent, Dollar And Gold Rise

  • GIFT Nifty signalled a gap-down start, with FII short positions at 84% versus 82%, and FIIs net sellers in the cash market for a third straight day.
  • Brent crude prices moved higher as Middle East tensions rose, keeping risk-off sentiment across asset classes; Asian stocks fell for a third consecutive day, with Kospi down almost 12% over the last two days.
  • The dollar index strengthened for a third day, while gold rose 1.4% on safe-haven demand.
  •  

Stock Market Live: Nifty Sees 24,200–24,350 As Support Zone

  • ThinCredBlu Securities’ Gaurav Udani said Nifty is seen opening near 24,350, down about 500 points, citing risk aversion amid war-related developments.
  • He flagged 24,200–24,350 as a near-term support band, and 24,700–24,800 as a resistance zone.
  • Udani said traders may see higher volatility and sharp intraday swings, and advised caution, strict stop-losses and focus on capital preservation.
  •  

Khamenei's Son Mojtaba Appointed Iran Supreme Leader Upon IRGC Backing

Stock Market Live: Oil Rises Above $75 As Strait Of Hormuz Disruption Risk Lifts Prices

  • WTI climbed above $75 a barrel, extending a two-day gain of about 11%, according to the update.
  • Brent traded near $81 a barrel as the Middle East conflict and shipping disruptions through the Strait of Hormuz kept supply risks in focus.
  • The move also followed reports that the US is exploring measures to safeguard tanker traffic through the Strait of Hormuz.

 

Stock Market Live: Gold At Rs 1,61,640 Per 10 Grams, Silver At Rs 2,66,130 Per Kg

  • Gold in India was at Rs 1,61,640 per 10 grams and silver was at Rs 2,66,130 per kg, according to the Bullions website.
  • In overseas markets, spot gold rose $116.38, or 2.21%, to $5,394.28 an ounce, while spot silver was up 1.43% at $95.19 an ounce.

Stock Market Live: Hang Seng Falls 1.16%, Shanghai Drops 0.85%

  • Hang Seng Index fell 1.16% to 25,469.34, down 298.74 points.
  • Shanghai Composite declined 0.85% to 4,087.632, down 35.044 points.
  •  

Stock Market Live: Kospi Drops 7% As Asia Stocks Extend Sell-Off

  • South Korea’s Kospi fell 7.24% on Wednesday, extending losses after its worst session in 19 months, amid an escalating war in the Middle East.
  • Japan’s Nikkei 225 was down 2.91% at 54,643.28.
  • Australia’s S&P/ASX 200 declined 1.71% to 8,921.70.

Stock Market Live: GIFT Nifty Trades At 24,494, Signals Gap-Down Open

  • GIFT Nifty traded at 24,494 in early indications.
  • The level pointed to a gap-down start for Indian equities.

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