Sensex Today: Indian benchmark indices erased gains shortly after opening as realty and bank stocks weighed. As of 9:17 AM, the Nifty50 was trading 0.14 per cent or 27.90 points down at 23,380.90, and the Sensex was trading 0.11 per cent or 4.68 points down at 75,498.17.
Global cues
Markets across the Asia-Pacific region advanced, mirroring overnight gains on Wall Street, even as crude oil prices showed volatility after easing from earlier highs. Japan’s Nikkei 225 and South Korea’s Kospi were up 0.30% and 2.53%, respectively.
On Wall Street, US equities closed higher, with the S&P 500 rising 1.01%, the Dow Jones gaining 0.83%, and the Nasdaq Composite advancing 1.22%.
In the commodities market, Brent crude settled 2.84% lower at $100.21 per barrel in the previous session after US President Donald Trump urged allies to ensure stable energy supplies from the Strait of Hormuz. Sentiment was also supported by expectations that more countries may release oil from strategic reserves, according to Bloomberg.
However, in the Asian session, Brent crude rebounded nearly 2.9% to $103.06 per barrel, as renewed concerns over potential supply disruptions in the Strait of Hormuz resurfaced.
Meanwhile, gold and silver futures edged higher, gaining 0.41% and 0.53%, respectively.
