Stock market today: Key things to know before the opening bell on March 28

Indian markets are expected to open in the red on Friday on negative global cues. The Asian markets continue to decline on the second consecutive day after auto tariffs were announced on Wednesday. The US markets also closed in the red amid recession fears due to high tariffs. Investors also await key PCE data for March, a key gauge for consumer confidence and the Federal Reserve’s preferred inflation parameter.

Crude oil prices extended their gains for the third week in a row, and gold prices, too, resumed their rally to record high levels amid uncertainty.

US markets

The US markets closed in the red after the tariff war intensified with auto tariffs. Furthermore, investors also look for core PCE inflation data, which is the preferred gauge of the Federal Reserve for inflation and consumer confidence. The Dow Jones & S&P 500 closed 0.3% lower, and NASDAQ fell 0.5%.

Asian markets

The Asian markets continued to fell the heat of auto tariffs as Japanese and Korean automaker’s shares declined for the second consecutive day. In addition, the Bank of Japan indicated that continue to raise interest rates amid rising inflation. The Japanese and Korean indices fell more than 1% on Friday morning.

Crude oil prices

The crude oil prices extended their gains for the third week in a row after tariff and sanctions clouded concerns over the demand-supply scenario. Previously, Trump announced 25% tariffs on countries importing oil from Venezuela and the US stockpiles fell to 3.3 million barrels a day. WTI crude and Brent crude prices jumped 2.3% for the week from six-month lows.

FII and DII data

The Foreign Institutional Investors (FIIs) intensified their buying spree on Thursday as they bought equities worth ₹11,111 crore, and Domestic Institutional Investors (DIIs) too aded ₹2,517 crore