Stock Market Today Highlights: Sensex soars 939 pts at close, Nifty ends above 23,400; banks, FMCG, auto stocks lead

Aakash Shah, Research Analyst, Choice Equity Broking explained:

On 16 March 2026, the BSE Sensex staged a strong rebound after the sharp sell-off in the previous session, rising over 900 points to close near 75,500 levels, reflecting a recovery in market sentiment. The benchmark index traded largely in positive territory throughout the day as investors stepped in to accumulate beaten-down large-cap stocks following the recent correction.

The rebound was also supported by improved global cues and selective buying in heavyweight sectors.

Sectorally, the recovery was largely led by financial and banking stocks, which provided the biggest support to the index. Key heavyweights such as HDFC Bank, ICICI Bank, and State Bank of India were among the top contributors on the upside, helping the benchmark recover a significant portion of the previous session’s losses. Select infrastructure and capital goods names like Larsen & Toubro also witnessed buying interest during the session.

Broader markets also witnessed a modest recovery, although midcap and smallcap indices underperformed the benchmark index, indicating cautious sentiment among investors despite the bounce in frontline stocks.

From a technical perspective, the index has managed to reclaim the 75,000 psychological level, suggesting short-term stabilization after the recent decline. Immediate support for the index is now placed around the 75,000–75,100 zone, which may act as a near-term demand area. On the upside, resistance is seen near the 76,000–76,100 band, and a sustained move above this level could trigger further recovery in the coming sessions.

Nilesh Jain, VP- Head of Technical and Derivative research at Centrum Finverse said:

"The markets snapped their three-day losing streak and formed a bullish candle, largely driven by short covering. The Nifty defended the 23,000 level on a closing basis and witnessed a strong rebound. The markets are likely to remain volatile, but we expect a gradual recovery, with Nifty potentially retracing towards 23,800, which represents the 23.6% retracement of the entire decline. Momentum indicators and oscillators have entered extremely oversold territory, indicating the possibility of a pullback. However, the broader structure remains weak, and any pullback is likely to attract selling pressure. Meanwhile, the volatility index, INDIAVIX, cooled off by around 5% but continues to remain elevated above 21. A correction below 18 will be required for bulls to regain control."

Dilip Parmar – Senior Research Analyst, HDFC Securities, "The Indian Rupee commenced the week on a constructive note, buoyed by a recovery in domestic equities and a softening of the US Dollar against major global peers. While possible intervention by the Reserve Bank of India (RBI) has provided a critical floor for the local currency, the Rupee remains tethered near historic lows. This persistent pressure stems from sustained dollar demand among importers and the ongoing trend of foreign fund outflows.

For the upcoming sessions, one should be eyes on a spot USDINR with immediate resistance at 92.60 and a key support at 92.05."

The rupee weakened by 10 paise to settle at a fresh record low of 92.40 (provisional) against the US dollar on Monday amid surging crude oil prices and incessant withdrawal of foreign funds triggered by geopolitical uncertainties.

The local currency, however, resisted a sharp fall backed by a significant recovery in domestic equity markets amid hopes of the reopening of the Strait of Hormuz, according to forex traders.

At the interbank foreign exchange, the local unit opened at 92.44 and touched its lowest-ever intra-day level of 92.47 against the greenback during the session. The local unit ended the session at 92.40 (provisional) against the dollar, registering a loss of 10 paise from its previous close.

In the preceding session, the rupee hit its lowest intra-day level of 92.47 before ending at 92.30 against the dollar, its lowest-ever closing level until Friday.

Nachiketa Sawrikar Boston USA based fund manager of Artha Global Multiplier fund believes the upcoming FOMC meeting comes at a time when the U.S. Federal Reserve is still balancing the twin objectives of controlling inflation and maintaining labor market stability.

As inflation gradually declined to around 3%, the Federal Reserve began easing policy. In the second half of 2024, the Fed implemented three rate cuts totaling 100 basis points, bringing the policy rate down to 4.375%. However, inflation proved sticky. With tariff-related pressures emerging in 2025 and unemployment beginning to edge higher, the Fed delivered three additional rate cuts in the second half of 2025, reducing the rate further to 3.625%.

For 2026, the Federal Reserve has indicated that it expects only one or two rate cuts, most likely in the second half of the year, and those will be contingent on inflation moving closer to the 2% target and unemployment remaining below 5%.

Given this backdrop, we expect the FOMC to maintain the status quo at the upcoming meeting while emphasizing caution regarding inflation risks. In the near term, financial markets are likely to remain sensitive to oil prices, which are currently hovering near $100 per barrel.

For emerging markets such as India, higher oil prices are already exerting pressure on the rupee and equity markets, while gold prices continue to rise amid heightened geopolitical uncertainty.

Vinod Nair, Head of Research, Geojit Investments said:

"The equity market staged a late-session rebound, supported by value buying in domestically oriented sectors such as auto, banking, and FMCG, a relief rally following the recent sell-off. Near-term challenges persist, valuations have moderated, narrowing the premium valuation gap across several key sectors. In the near term, investor sentiment will hinge on developments in the Strait of Hormuz, where any easing of supply chain disruptions could provide further support.

However, persistently elevated oil prices continue to weigh on broader market direction. Globally, attention remains focused on the upcoming U.S. Fed policy outcome. Rates are widely expected to remain unchanged, reflecting ongoing inflationary pressures and heightened geopolitical uncertainty."

The Indian stock market benchmark indices, Sensex and Nifty 50 rose over 1% after volatility in early deals led by gains in banks, auto and FMCG sectors. The rise comes despite gains in crude oil prices.

BSE Sensex ended the day 939 points or 1.26% higher at 75,503 while Nifty 50 settled 258 points or 1.11% higher at 23,409.

Citi Research has lowered its year-end target for India’s Nifty 50, citing rising risks to economic growth and corporate earnings as higher oil prices and supply disruptions from the worsening Middle East war cloud the outlook for Asia’s third-largest economy.

The brokerage cut its Nifty target to 27,000 from 28,500 earlier, implying a 17% upside from the index’s last close. Citi also reduced its target valuation multiple to 19x one-year forward price-to-earnings from 20x earlier.

According to Citi, if supply disruptions persist for three months, India’s FY27 growth could take a hit of 20-30 basis points. It also estimated that such a scenario could push up inflation by 50-75 basis points, widen the fiscal deficit by 10 basis points and increase the current account deficit by $25 billion.

Shares of Vodafone Idea climbed more than 5% on Monday after a report by The Economic Times said Singapore-based ST Telemedia and India’s JSW Group, along with a few other domestic and global investors, were in discussions with the telecom operator for a possible stake purchase.

The report said the talks were still at an exploratory stage, and there was no certainty that they would lead to a transaction, citing people familiar with the matter. Fresh investor interest in the loss-making telecom company comes after it received significant financial relief from the government earlier this year. The government is also Vodafone Idea’s largest shareholder.

The Indian stock market benchmark indices, Sensex and Nifty 50 rose over 1% after volatility in early deals led by gains in banks, auto and FMCG sectors. The rise comes despite gains in crude oil prices.

Crude oil remained above $105 per barrel as supply risks in the Middle East escalated following a second attack in three days on Fujairah, a vital port in the United Arab Emirates that’s just outside the Strait of Hormuz. Meanwhile, investors watch out for the latest developments in the US-Iran war which has entered its third week. Volatility is likely to remain high amid elevated crude oil prices and uncertainties due to the prolonged Middle East war.

Shares of Tejas Networks jumped more than 9% to ₹463 on the NSE on Monday after the company announced that it has received a purchase order for the supply of its state-of-the-art 4G RAN (Radio Access Network) solutions for a mobile network in South Asia. The stock has gained around 41% in just one month.

In an exchange filing, Tejas Networks said the project marks another important step towards expanding the company’s international wireless customer base. As part of the order, the company’s 4G multiband radio products will be deployed at multiple locations across the unnamed mobile operator’s network.

Gaurav Garg, Research Analyst at Lemonn Markets Desk said:

“Gold and silver prices in India saw a decline today, with gold trading at ₹1,48,614 per 10 grams and silver at ₹2,35,573 per kg, reflecting international prices of $5003.95 per ounce and $79.32 per ounce, respectively. The drop in precious metals is largely attributed to rising crude oil prices, which surged to $100.15 per barrel, raising inflation fears and dampening expectations of a rate cut by the U.S. Federal Reserve.

Ongoing geopolitical tensions in the Middle East, particularly the conflict involving the U.S. and Iran, have further complicated market sentiments, leading investors to reassess their positions in safe-haven assets.”

Europe's STOXX 600 edged higher on Monday, with Commerzbank shares climbing after UniCredit launched a bid for a 30% stake in the German lender, while defence stocks also gained on U.S. President Donald Trump's call to keep the Strait of Hormuz open.

The pan-European benchmark STOXX 600 was up 0.1% at 596 points, as of 0817 GMT. The index has dropped nearly 6% since reaching a record high in February, just prior to the outbreak of the Middle East conflict.

Shares of Commerzbank gained 3.5%, while Italian bank UniCredit slipped 0.5%.

PhonePe has temporarily put its public listing plans on hold due to ongoing geopolitical conflicts and heightened volatility in global markets, according to a PTI report. The company said it will restart the process once stability returns to capital markets.

“We sincerely hope for a swift return to peace in all the affected regions. We remain committed to a public listing in India,” said Sameer Nigam, CEO of PhonePe.

Oil prices rose on Monday as investor focus returned to threats facing Middle East oil facilities, despite U.S. President Donald Trump's call for nations to help safeguard the Strait of Hormuz, a vital artery for global energy shipments.

Brent crude futures climbed $2.73, or 2.7%, to $105.87 a barrel by 0730 GMT, after settling up $2.68 on Friday. U.S. West Texas Intermediate crude gained $1.65, or 1.7%, to $100.36 a barrel, after finishing up nearly $3 in the previous session.

Both contracts have surged more than 40% this month to their highest since 2022, after the U.S.-Israeli attacks on Iran prompted Tehran to halt shipping through the Strait of Hormuz, choking off a fifth of global oil supply in the biggest disruption ever.

Yields on China’s 30-year bonds were headed for the highest close since September 2024 as rising oil prices fueled by the war in Iran stoked inflation concern.

China’s 30-year bond yields rose three basis points to close to 2.4% while those on 10-year notes edged up two basis points to 1.84% on Monday. Futures on 30-year bonds fell to the lowest level since October 2024.

A steeper selloff in long-dated debt suggests that rising oil prices may finally counter China’s persistent deflationary pressures. Yields also climbed after industrial production and fixed-asset investment data pointed to an unexpected economic rebound at the start of the year. (Bloomberg)

Indian oil marketing company (OMC) stocks remained under pressure on Monday as crude oil prices stayed above the key psychological mark of $100 per barrel and hopes of a diplomatic breakthrough in the Iran-Israel-US war remained elusive.

With the Strait of Hormuz effectively shut to traffic, investors are increasingly pricing in the risk of prolonged disruption to global oil flows, a development that could keep input costs elevated and weigh on the earnings outlook for oil marketing companies.

Shares of Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation fell sharply during the session.

IOC dropped 5.3% to its day’s low of ₹148.15, HPCL declined 5% to ₹350.50, and BPCL slipped 4.7% to ₹304.15. The weakness has been building for some time. Over the past month, these stocks have declined by as much as 18%, as crude prices surged to multi-month highs after the outbreak of the war earlier this month.

Shares of four newly-listed companies declined on Monday, March 16, as a total of 3.6 crore shares became eligible for trading following the expiry of their IPO lock-in periods.

Fractal Analytics share price fell as much as 4.35% after approximately 0.69 crore shares (4% of its total equity) became available for trading; the current stock price is roughly 12% lower than its IPO price of ₹900.

Aye Finance stock price dropped 7.42% as its one-month lock-in period expired, making around 1.76 crore shares (7%) available for trading. Park Medi World experienced a 3.2% decline as 0.85 crore shares (2%) were unlocked for trade, while Nephrocare Health Services fell by 2.8% after 0.28 crore shares (3%) were made tradable on March 16. It is important to note that the end of the shareholder lock-in period does not automatically imply that all these shares will be sold in the public market. It simply indicates that they are now permitted to be traded.

Vodafone Idea, IDBI Bank, YES Bank, Tata Silver Exchange Traded Fund, Tata Gold Exchange Traded Fund, Suzlon Energy, Adani Power, SEPC, Dharan Infra-EPC, ITI, and Nippon India ETF Gold BEES were among the most traded stocks on the NSE around 11:30 am. Ola Electric Mobility, Nippon India Silver ETF, Reliance Power, Aditya Birla Sun Life Nifty IT ETF, IFCI, MRPL, Eternal, and Tejas Networks were also among the most traded stocks. Read more

Adani Total Gas shares remained under pressure on Monday, March 15, with the stock falling for a second straight session as investors booked profits after last week’s sharp rally. The stock dropped around 6% intraday and has now declined more than 12% in two trading sessions, reversing part of the nearly 30% surge seen over just three trading days earlier.

On Monday alone, Adani Total Gas stock fell as much as 5.6% to an intraday low of ₹532, after already sliding 6.8% on Friday, March 13. The correction came as traders booked profits following the recent run-up in the stock. It soared 30% between March 10-12.

The recent fall also followed the clarification, the Exchange had sought from Adani Total Gas Ltd on March 13, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded.

Kotak Mahindra Mutual Fund (KMMF) has acquired an additional 175,164 shares in Park Medi World Limited, increasing its total stake to 5.0393% and surpassing the crucial 5% ownership mark.

On March 11, 2026, KMMF stated its acquisition of 175,164 equity shares in Park Medi World Limited. This move raised KMMF's total shareholding in the company from 4.9988% to 5.0393%. The shares of Park Medi World Limited have a face value of ₹2, with an overall equity share capital consisting of 43,19,30,864 shares.

Exceeding the 5% ownership mark in a publicly traded company like Park Medi World Limited necessitates compulsory disclosures as outlined by SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations. This suggests a rising interest or established stake by KMMF in the healthcare firm.

Brent crude oil traded near $105 per barrel on Monday as Gulf countries reported more attacks by Iran with the war entering its third week, while share prices were mixed.

A barrel of Brent, the international standard, was up 1.6% at $104.73, dipping slightly after opening above $106 per barrel. It's up more than 40% since the war began.

U.S. benchmark crude gained 1% to $99.68 per barrel. It's up nearly 50% since the war began.

Bajel Projects share price surged nearly 13% on Monday, March 16, following the company's acquisition of an ultra-mega contract worth over ₹700 crore from MSETCL.

The Maharashtra State Electricity Transmission Co. (MSETCL), through their SPV SASWAD TRANSMISSION, has granted a contract for the construction of a 400/220 kV AIS Sub-Station.

This contract is set to be completed within 23 months from the date the Notification of Award is issued.

The project involves the comprehensive turnkey EPC implementation of a 400/220 kV Air Insulated Switchgear (AIS) substation located in Saswad, Pune, which includes the design, provision, installation, testing, and commissioning of the substation as well as all related transmission lines—encompassing civil works, supply, and ETC (Erection, Testing & Commissioning) activities.

Rekha Jhunjhunwala's portfolio stock, VA Tech Wabag, rose as much as 5% to ₹1,290 apiece in Monday's trading session on March 16 after the company bagged a new contract from Chennai Metropolitan Water Supply and Sewerage Board.

The stock opened at ₹1,270 as compared to the previous close of ₹1227.60 on Friday. Soon, it climbed to the day's high of ₹1,290.

In an exchange filing dated March 14, VA Tech Wabag said that the company has secured a letter of award (LOA) from the Chennai Metropolitan Water Supply and Sewerage Board to develop a looped transmission network under the Chennai Climate Resilient Water Security and Sewerage Project for Greater Chennai City.

Adani Power share price jumped over 4% in early trade on Monday after the company announced receiving an order from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the supply of thermal power. The Adani group stock surged as much as 4.53% to ₹153.35 apiece on the BSE.

Adani Power said it received a Letter of Award (LoA) from MSEDCL for the supply of 1,600 MW of power from one of its upcoming ultra-supercritical thermal power projects (USCTPP).

The supply of power under the proposed 25-year Power Supply Agreement (PSA) is scheduled to commence from the financial year 2030-31, with the first year’s quoted tariff of Rs. 5.30/kWh, Adani Power said in a regulatory filing on March 15.

Shares of IDBI Bank Limited fell 15% in intraday trade on Monday, March 16, amid reports that the Indian government's efforts to sell a majority stake in the lender are likely to be scrapped.

IDBI Bank share price declined as much as 15.34% to ₹78.05 on the BSE, nearing its one-year low of ₹72.04. Trading volumes were higher than usual.

According to multiple media reports, the government has scrapped plans to divest PSU stock after offers received fell below the minimum price expectation, dampening investor sentiment. The Indian government and state-owned Life Insurance Corporation of India (LIC) had initiated the process to sell 60.7% of the lender in 2022.

The rupee stayed weak and lost 13 paise to 92.43 against the US dollar in early trade on Monday, weighed down by massive withdrawal of foreign funds and surging crude oil prices amid geopolitical uncertainties.

Volatile sentiment in domestic equity markets further dragged the currency down even as the greenback retreated from higher levels, according to forex traders.

At the interbank foreign exchange, the local unit opened at 92.44 and stayed close to its lowest-ever intra-day level, trading at 92.43 against the greenback, registering a loss of 13 paise from its previous close.

In the preceding session on Friday, the rupee hit its lowest intra-day level of 92.47 before ending at its record closing low of 92.30 against the dollar.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13% lower at 99.98.

Nifty is at the lower end of a channel that has held the downtrend since the start of March. If 23,000 holds, we could expect a swing higher to 23,600-23,990. Alternatively, failure to push above 23,330, or a direct fall below 22,900 will set off a 22,000 move, predicts Geojit Investments.

VK Vijayakumar, Chief Investment Strategist, Geojit Investments said:

"With the uncertainty surrounding the war continuing, markets are in unchartered territory. The sustained heavy selling by FIIs and the weakness in rupee are contributing to the market weakness. In the near-term FIIs are likely to continue selling in the market, particularly when there is a mild rally in the market. This will add to the weakness in the market, even in fundamentally sound sectors and stocks.

How the high crude prices impact India’s GDP growth and corporate earnings, going forward, will depend on the duration of the war.

There are times when doing nothing is a good strategy. This appears to be the case now. However, investors with risk appetite can certainly nibble at high quality stocks across sectors, now available at fair valuations. In the broader market there are growth stocks available at attractive valuations.

Even in the weak market environment, pharmaceuticals and telecom stocks are exhibiting resilience."

The Indian stock market benchmark indices, Sensex and Nifty 50, opened on a muted note on Monday amid mixed global market cues, as investors watch out for the latest developments in the US-Iran war which has entered its third week. Volatility is likely to remain high amid elevated crude oil prices and uncertainties due to the Middle East war.

At 9:20 am, Sensex was trading at 74,487.23, down 76.69 points or 0.10% while Nifty was at 23,170.20, up 19.10 points or 0.08%.

Om Mehra, Technical Research Analyst, SAMCO Securities noted that the Bank Nifty index is now hovering near the 53,500 – 53,400 zone, which earlier acted as a key support level and is currently being tested again.

“A decisive move below this level may open the door for further downside. The index continues to trade below its key moving averages, reflecting weakness in the broader trend. The RSI has slipped near the 23 level, indicating that the index has entered a deeply oversold zone,” said Om Mehra, Technical Research Analyst, SAMCO Securities.

Overall, he believes the short-term outlook remains weak, and the Bank Nifty index may continue to witness volatile swings unless it manages to reclaim the 54,500 zone on a closing basis.

Nifty 50 formed a bearish candlestick pattern on the daily chart, indicating a weak outlook following the recent breakdown. For the week, Nifty 50 slumped 5.31% and formed a sizable bearish candle with a lower high and a lower low on the weekly chart, signaling continuation of the corrective decline.

“A long bear candle has formed on the daily chart that made a new swing low of 23,112 levels on Friday. Nifty 50 has entered the support of previous opening upside gap area of 15 April 2025 around 23,200 - 22,900 levels. Though, Nifty 50 is placed near the supports, still there is no confirmation of any bottom reversal pattern forming. This is not a good sign,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the underlying trend of the market is sharply down and there is a higher possibility of Nifty 50 showing minor pullback from near the lows of around 22,900 by this week.

“If it fails to do so, then one may expect more weakness down to 22,500 -22,000 levels in the near term. Immediate resistance is placed at 23,500,” Shetti added.

Sensex cracked 5.5% last week. The index formed lower highs and lower lows on daily charts, and a long bearish candle on weekly charts, which is largely negative.

“We believe that as long as Sensex is trading below 75,000, a weak formation is likely to continue. On the downside, the index could continue its correction wave until 73,600. Further downward movement may also continue, potentially dragging the index to 73,000. On the other side, above 75,000, the pullback move could extend until 75,600 - 76,100,” said Amol Athawale, VP Technical Research, Kotak Securities.

Gold prices were steady after paring a near 1% fall earlier in the session amid a softer dollar. Spot gold price was unchanged at $5,017.53 per ounce, US gold futures for April delivery fell 0.8% to $5,020.90. Spot silver price rose 0.4% at $80.88 per ounce.

The dollar index eased slightly to 100.20, but remained perched near last week’s 10-month high. The Euro traded 0.14% higher at $1.1433, while Sterling was up 0.17% at $1.3245. The yen languished near the 160-per-dollar level and last stood at 159.44.

Stock Market Today LIVE: US GDP GrowthUS economic growth slowed more sharply than initially thought in the fourth quarter. US Gross Domestic Product (GDP) increased at a 0.7% annualized rate last quarter, revised ​down from the initially reported 1.4% pace. Economists polled by ​Reuters had forecast GDP growth would be unrevised ​at 1.4%. The economy grew at a 4.4% pace in the third quarter.

Foreign institutional investors (FIIs) sold domestic equities worth ₹52,704 crore during the first half of March, with Friday recording the largest single-day outflow of 2026 at ₹10,717 crore.

On a year-to-date basis, foreign portfolio investors (FPIs) have pulled out ₹66,051 crore from Indian equities.

"The weakness in global equity markets following the war in West Asia, the steady depreciation of the rupee and concerns surrounding the impact of high crude prices on India’s growth and corporate earnings contributed to the concern of FPIs. The poor returns from India vis-à-vis other markets - both developed and emerging- during the last eighteen months are the principal reason for FPI’s indifference towards India. If their sustained selling strategy is to change, there should be clear indications of earnings recovery in India. In the present uncertain context, this will take time.

Gold wavered, as the conflict in the Middle East entered a third week and investors weighed a softer dollar against continued threats to global oil supplies.

Bullion traded either side of $5,000 an ounce, falling as much as 1% before paring losses. The metal steadied after dropping for a second straight week, under pressure from rising energy prices and inflationary concerns arising from the US-Israeli war with Iran. Crude erased early gains on Monday and a gauge of the dollar slipped, helping to support commodities priced in the US currency. (Bloomberg)

The US Federal Reserve is all set to begin its two-day meeting on March 17 and will announce the outcome on March 18.

The Federal Reserve’s key policy rate currently stands in the range of 3.5% to 3.75%. At its January meeting, the Fed chose to leave interest rates unchanged. Before that, the central bank had implemented three consecutive rate cuts, reducing rates by 0.25 percentage points each time in an effort to prevent the slowdown in the labour market from leading to a rise in unemployment.

US stock market ended lower on Friday as investors gauged how the war in Iran was affecting the global oil supply. The Dow Jones Industrial Average fell 119.38 points, or 0.26%, to 46,558.47, while the S&P 500 declined 40.43 points, or 0.61%, to 6,632.19. The Nasdaq Composite closed 206.62 points, or 0.93%, lower at 22,105.36.

Benchmark Japanese government bond yields touched a one-month high as the escalating Middle East crisis fuelled expectations of higher inflation and potential policy tightening by the Bank of Japan, Reuters reported. The 10-year JGB yield briefly touched 2.25%, its highest since February 10, before easing in early trade. Futures on the 10-year JGB rose 0.14 yen to 131.320.05 yen to 131.23. The 30-year yield added 1 bps to 3.515%. The two-year yield eased 0.5 bps to 1.28%.

Asian markets traded mixed amid elevated crude oil prices and as investors assessed the latest developments in the escalating US-Iran war. Japan’s Nikkei 225 declined 0.12% and the Topix fell 0.11%. South Korea’s Kospi gained 0.95%, while the Kosdaq was flat. Hong Kong’s Hang Seng index futures indicated a higher opening.