Sensex, Nifty 50 | Stock Market Highlights: The Indian stock market closed in the red on Thursday, as investors weighed the US-Iran deal and as crude oil prices remained close to $105 per barrel.
BSE Sensex ended the volatile session on a flat but negative note as it shed 114 points or 0.15% to 77,844.52. Meanwhile, Nifty 50 closed the session largely unchanged at 24,326.65, down 4.30 points or 0.02%.
Broader markets gained, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices rising 0.80-1%.
Among sectors, Nifty Auto, Nifty Media, Nifty Metals, and Nifty Pharma witnessed gains, while Nifty FMCG, Nifty IT and Nifty PSU Banks declined.
Cautiousness over the volatility in the crude oil prices and ongoing Q4 results kept a check on gains.
Globally, Asian markets traded mixed, with Japan’s Nikkei hitting record high, while the US stock market ended higher overnight, with the S&P 500 and Nasdaq surging to record-high closes.
US President Donald Trump predicted that the war in Iran will be over quickly. Iranian foreign ministry spokesman Esmaeil Baqaei told local media that the “US plan and proposal are still under review.” Reports said that Iran has also laid out an updated process for ships seeking to transit Strait of Hormuz.
Gold Rate Today
Gold prices rose for a third straight session, supported by a softer dollar as hopes grew for a potential peace deal between the United States and Iran.
Spot gold price gained 0.3% to $4,701.19 per ounce, after rising about 3% on Wednesday to hit its highest level since April 27. US gold futures for June delivery rose 0.4% to $4,710. Spot silver price rose 0.5% to $77.68 per ounce.
Stay tuned to this segment for live updates on Indian stock market today.