Sensex, Nifty 50 | Stock Market LIVE Updates: The Indian stock market traded with strong gains on Tuesday, following mixed global market cues, as investors remained cautiously optimistic about the US-Iran peace talks.
The Sensex jumped over 700 points to scale above 79,000 level, while the Nifty 50 surged 0.7% to rise above the crucial 24,500 level ahead of the weekly F&O expiry. Bank Nifty index outperformed, gaining over 1%.
Broader markets supported the rally, as the Nifty Smallcap 100 and the Nifty Midcap 100 indices gained nearly a percent each.
All the sectoral indices were trading in the green, led by Nifty Realty, Nifty Private Banks, Nifty Auto, Nifty PSU Banks, Nifty Metals and Nifty FMCG.
Globally, Asian markets traded higher amid hopes of peace talks between US and Iran, while the US stock market ended marginally lower.
US Vice President JD Vance will travel to Pakistan on Tuesday for Iran talks, reports said. Tehran’s own negotiators received a last-minute green light from Iran’s supreme leader to attend the talks, Axios reported.
Crude Oil Prices
Crude oil prices fell on expectations that US-Iran peace talks will take place this week. Brent futures dropped 0.46% to $95.04 a barrel, while US West Texas Intermediate (WTI) crude futures for May declined 1.35% to $88.40.
Gold Rate Today
Gold prices were largely steady after dropping to a one-week low in the last session. Spot gold price was unchanged at $4,820.84 per ounce, while US gold futures for June delivery rose 0.3% to $4,841.2. Spot silver price fell 0.1% to $79.82 per ounce.
Gold and silver prices in India traded lower. MCX gold rate for June futures contracts was down by ₹218, or 0.14%, at ₹1,53,725 per 10 grams. MCX silver price for May futures contracts was trading lower by ₹1,824, or 0.72%, at ₹2,50,721 per kg.
Stay tuned to this segment for live updates on the Indian stock market today.