Bearish Cues: US Futures Dip on Geopolitical Risks; Indian IT Under

US S&P 500 futures held steady, but Nasdaq futures declined, struggling to maintain the recent AI-driven rally. This weakness is attributed to risks surrounding US-Iran peace talks and a rebound in crude oil prices, which could dampen global investor sentiment.

Weakness in US tech-heavy indices like Nasdaq often translates to cautious sentiment for Indian IT services companies, given their significant revenue exposure to the US market. Rising crude prices also pose a risk to India's import bill and inflation outlook, potentially impacting overall market liquidity and interest rate expectations.

While no specific Indian stocks are named, the negative sentiment in US tech could indirectly affect major Indian IT players like TCS, Infosys (INFY), Wipro (WIPRO), and HCLTech (HCLTECH). A rebound in crude prices could negatively impact oil marketing companies like IOC, BPCL, and HPCL due to higher input costs, and potentially lead to broader inflationary pressures.

Traders should monitor the trajectory of US-Iran talks and global crude oil prices for further cues. Watch for any significant overnight moves in US markets and their opening impact on Indian IT stocks and the broader Nifty/Sensex indices. Any escalation in geopolitical tensions or sustained rise in crude could trigger further selling pressure.

• •S&P 500 futures held mostly steady, up 0.05%.
• •Nasdaq futures were down 0.025%, struggling to build on the AI-driven rally.
• •Risks to US-Iran peace talks are cited as a factor.
• •Nvidia is in focus, indicating continued attention on AI-related stocks.
• •Online context mentions S&P 500, Nasdaq futures falling up to 0.6% due to crude prices rebound and yields spike.