Stock Market Today LIVE: The Indian stock market opened higher on Friday, following gains in global equities, despite concerns over the fragile two-week US-Iran ceasefire deal.
The benchmark BSE Sensex opened 489.36 points, or 0.64%, higher at 77,121.01, while the NSE Nifty 50 gained 105.45 points, or 0.44%, to open at 23,880.55. The Bank Nifty index opened at 55,182.25, up 360.55 points, or 0.66%.
Broader markets outperformed, as the Nifty Smallcap 100 and the Nifty Midcap 100 indices rallied over 1% each.
Among sectors, Nifty Metals, Nifty Auto, Nifty Private Bank, Nifty Media, Nifty PSU Bank, Nifty Realty and Nifty Oil & Gas gained over 1% each, while Nifty IT and Nifty Pharma indices were in the red.
Globally, Asian markets traded higher, while the US stock market ended higher overnight, amid hopes of peace talks between the US and Iran.
In the Middle East, Iran’s new Supreme Leader Mojtaba Khamenei stated that Iran would not allow the US and Israel to escape consequences for what he called their aggression. Meanwhile, US President Donald Trump appears to be questioning how effective the ceasefire halting the Iran war really is.
Gold Rate Today
Gold prices fell as the dollar firmed, but the metal remained on course for a third consecutive weekly gain as renewed US-Iran ceasefire optimism softened inflation fears and expectations for higher US interest rates.
Spot gold price declined 0.2% to $4,755.84 per ounce. US gold futures for June delivery fell 0.8% to $4,779.20. Spot silver price rose 0.1% to $75.11 per ounce.
Stay tuned to this segment for the live updates on the Indian stock market today.