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livemint_marketsabout 3 hours ago
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Published on the original source: 30 Mar 2026, 5:42 PM IST

US stock market today: Dow, S&P 500 futures gain even as US-Iran war drags into fifth week

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AI Analysis

The auto sector faces headwinds from rising commodity costs, including oil, which impacts both manufacturing expenses and consumer fuel budgets. While US market sentiment might improve, the underlying inflation from oil prices remains a concern for Indian auto demand and profitability.

Trading Insight

Maintain a cautious stance on auto stocks; look for signs of demand resilience or government intervention to mitigate fuel price impact, with a bias towards companies with strong pricing power or diversified portfolios.

Key Evidence

  • US stock futures indicate a positive start after four weeks of declines.
  • Escalating Middle East tensions persist.
  • Rising oil prices are raising inflation concerns.
  • The market has seen the largest monthly drop in over three years.
  • Risk flag: Sustained high crude oil prices leading to higher input costs and lower consumer spending.

Affected Stocks

ONGCOil and Natural Gas Corporation
Positive

Rising crude oil prices generally benefit upstream oil producers.

IOCIndian Oil Corporation
Negative

Rising crude oil prices increase input costs for oil marketing companies, potentially squeezing margins if retail prices are not fully adjusted.

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