US stocks fell, GIFT Nifty down 300 points and oil nears $100. How will stock market react on Monday?
Why it matters: Oil spikes and geopolitical strain could tighten growth, lift inflation, and deepen market volatility.
- US stock indexes fell sharply (Dow ‑1%, S&P ‑1.3%, Nasdaq ‑1.6%) as disappointing payroll data met rising geopolitical risk.
- Oil prices jumped >12% to above $90 per barrel (Brent ≈$92) after US‑Israel strikes on Iran, threatening supply through the Strait of Hormuz.
- Indian markets (Sensex, Nifty) slid ~3% each week—their biggest drop in over a year—with 41 of 50 Nifty stocks in the red and financials hit hardest.
- Pravesh Gour, senior technical analyst says Nifty is holding near 24,300 support but remains volatile; upside to 24,900‑25,000 is plausible if risk eases.
- Foreign institutional investors sold and the rupee weakened, amplifying the pressure on Indian equities.
US equities slumped after a weak payroll report and escalating Middle‑East tensions, while oil surged toward $100, pulling Indian markets down to a 24,300 support level and sparking heightened volatility.
