INDIA STOCKS-Indian shares open lower, tracking global stocks as Iran war drags on

March 27 (Reuters) - Indian shares opened lower on Friday, tracking global equities, as fading hopes of a resolution to the Iran war weighed on sentiment.

The Nifty 50 .NSEI fell 1.07% to 23,054.4, while the BSE Sensex .BSESN shed 1.1% to 74,431.04, as of 9:16 a.m. IST.

U.S. President Donald Trump said he would extend a pause on attacks against Iran's energy plants into April and that talks with Iran were going "very well," but an Iranian official said a U.S. proposal for ending the war as "one-sided and unfair."

Fourteen of the 16 major sectors logged losses, while the broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 lost 1% each.

Asian shares .MIAPJ0000PUS fell 0.8%, while Wall Street equities slid overnight, with the Nasdaq Composite .IXIC confirming a correction. Oil LCOc1 hovered around $107 per barrel.

The Nifty 50 and Sensex .BSESN have lost more than 8% each since the start of the U.S.-Israeli war on Iran, as elevated crude prices and energy-supply concerns cloud the economic outlook in Asia's third-largest economy.

($1 = 94.1980 Indian rupees)