Sensex, Nifty 50 | Stock Market LIVE: The Indian stock market traded lower on Tuesday, following weakness in global markets, as escalating US-Iran war in the Middle East dented sentiment.
The BSE Sensex opened 165.68 points, or 0.21%, lower at 77,103.72, while the NSE Nifty 50 opened lower by 66.70 points, or 0.28%, at 24,052.60. The Bank Nifty index fell 187.20 points, or 0.34%, to open at 54,691.30.
Broader markets also traded lower, with the Nifty Smallcap 100 index and the Nifty Midcap 100 index falling over 0.20% each.
Among sectors, losses were seen in Nifty Auto, Nifty Metals, Nifty Private Bank and Nifty Realty indices, while Nifty IT, Nifty FMCG, Nifty Pharma and Nifty Media witnessed gains.
On the global front, Asian markets traded lower, while the US stock market declined overnight, with the S&P 500 retreating from record highs.
The US-Iran war escalated, pushing the fragile four-week ceasefire on the brink of collapse. The sudden exchange of fire has now drawn in the United Arab Emirates (UAE), plunging the region back into chaos and prompting immediate calls for renewed retaliatory strikes against Iranian targets.
Crude Oil Prices
Crude oil prices eased after climbing by as much as 6% in the previous session. Brent oil futures for July fell 0.95% to $113.35 per barrel, after settling up 5.8% on Monday. US West Texas Intermediate (WTI) crude declined 1.95% to $104.34, after gaining 4.4% in the previous session.
Gold Rate Today
Gold prices were largely steady as renewed escalation in US-Iran war fueled inflation and rate-hike risks. Spot gold price rose 0.2% to $4,528.99 per ounce, while US gold futures for June delivery rose 0.1% to $4,538.20. Spot silver price gained 0.1% to $72.76 per ounce.
Stay tuned to this segment for the live updates on Indian stock market today.
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