Stock Market Today LIVE: The Indian stock market indices Sensex and Nifty 50 declined on Wednesday, March 11 as the US-Iran war kept investors cautious. The Nifty and Sensex declined 1% each mainly dragged by banks, financial services, and auto stocks.
The Sensex crashed over 1,000 points, or 1.3%, to fall to an intraday low of 77,161, while Nifty 50 touched the day’s low of 23,971.60, falling 1.20%.
The mid and small-cap indices, however, outperformed. The BSE MidCap Index rose by 0.80%, while the BSE SmallCap Index jumped more than 1% during the session.
Investors lost around ₹2 lakh crore in today’s session as the overall market capitalisation of BSE-listed firms fell to ₹445.42 lakh crore from over ₹447 lakh crore in the previous session.
Asian markets and Crude oil today
Asian shares were mostly higher Wednesday with several benchmarks giving up much of their early gains as investors awaited signals on when the war with Iran may end.
U.S. futures rose and oil prices were mixed. Tokyo’s Nikkei 225 gained 1.3% to 54,926.50 and South Korea’s Kospi picked up 0.6% to 5,562.40 after gaining more than 3% earlier in the day. In Hong Kong, the Hang Seng fell back, slipping 0.2% to 25,921.02, while the Shanghai Composite index edged 0.2% higher to 4,131.39. Australia’s S&P/ASX 200 rose 0.6% to $8,743.50.
Oil prices have remained sharply below their peaks hit on Monday. Such spikes have been rocking financial markets worldwide because of worries that the war could block the global flow of oil and natural gas for a long time. Early Wednesday, the price for a barrel of Brent crude, the international standard, was down 2 cents at $87.78. That’s about 10% below its settlement price the day before. U.S. benchmark crude oil gained 53 cents to $83.98 per barrel. (AP)
Gold, Silver rate today
Gold and silver rate today declined slightly on Wednesday, March 11, as investors remained cautious amid the ongoing US-Israel-Iran war and shifted toward safe-haven assets. Sentiment in the precious metals market was also influenced by easing oil prices and a softer US dollar, which supported gold even as silver witnessed marginal pressure.
On MCX, silver price fell 0.69% to its day’s low of ₹2,75,930 per kg while MCX gold price was down 0.28% to ₹1,62,840 per 10 grams.
Spot silver edged 0.1% lower to $88.35 per ounce, while spot gold rose 0.3% to $5,208.08 per ounce as of 02:43 GMT. Meanwhile, US gold futures for April delivery slipped 0.5% to $5,216.80.
Other precious metals also saw mixed movements. Spot platinum fell 0.5% to $2,190.44 per ounce, while palladium advanced 0.8% to $1,667.73.
Track this space for LIVE updates on Indian stock market moves.
About The Author
