Stock Market Today LIVE: The Indian stock market benchmark indices, Sensex and Nifty 50, traded nearly a percent lower on Thursday, following mixed cues from global markets, as persistently high crude oil prices and escalating geopolitical tensions weigh on investor sentiment.
The Sensex fell over 500 points, while the Nifty 50 was trading around 22,600 level. The Bank Nifty index fell half a percent.
Broader markets continue to see selling pressure, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices falling over half a percent each.
All the sectoral indies were trading in the red, with Nifty FMCG, Nifty IT, Nifty Metals, Nifty Auto, Nifty PSU Bank and Nifty Oil & Gas falling the most over 1% each.
In the commodity market, MCX gold rate declined over 1% to trade below Rs 1.45 lakh per 10 grams, while MCX silver price plunged more than 2% to below Rs 2.04 lakh per kg.
On the geopolitical front, escalating US–Iran tensions and reports of attacks on Saudi infrastructure have heightened concerns over prolonged disruptions to Middle Eastern energy supplies.Â
Meanwhile, investors will react to the quarterly earnings from domestic companies, with focus on earnings quality and management guidance.
Watch this space for all the latest stock market updates throughout the trading session.
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