Sensex, Nifty 50 | Stock Market LIVE Updates: The Indian stock market is expected to open lower on Wednesday, following mixed global market cues, amid cautiousness over the US-Iran ceasefire and as the blockade of the Strait of Hormuz continues. The trends on Gift Nifty also indicate a negative start for the benchmark indices, Sensex and Nifty 50.
The Gift Nifty was trading around 24,450 level, a discount of nearly 135 points from the Nifty futures’ previous close.
Globally, Asian markets traded mixed, while the US stock market ended lower overnight after the second round of peace talks was rejected by Iran.
US President Donald Trump indefinitely extended the ceasefire with Iran and maintained a blockade of the Strait of Hormuz while diplomatic efforts continue. Meanwhile, Vice President JD Vance’s expected trip to Pakistan for US-Iran peace talks was put on hold.
Stay tuned to this segment for the live updates on Indian stock market today.