Mumbai/IBNS, March 27 -- The Indian stock market opened lower on Friday, with investors reacting to escalating global tensions surrounding the West Asia conflict, media reports said.

IT stocks were the only segment trading higher, while banks, financials, and the auto sector led the losses.

Global equities remained under pressure despite a decline in oil prices and the United States' extension of the deadline for Iran to strike a deal.

US President Donald Trump announced on Thursday that the deadline for potential action against Iran's energy assets has been extended to April 6, which he claimed was at Tehran's request.

Dismissing "fake news" reports, Trump said ongoing negotiations with Iran are progressing positively.

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