• Source:JND

Stock Market Today: The domestic equity market was trading cautiously higher in early trade amid looming uncertainty around the end of the conflict in West Asia. At the time of writing, the BSE Sensex was trading at 76,580.15, up 91.19 points or 0.12 per cent. Nifty50 quoted at 24,063.60, up 31.90 points or 0.13 per cent.

Earlier, in the morning, the 30-share BSE index jumped over 100 points to hit an early high at 76,616.02.   

"Even though negotiations are continuing for an end to the West Asia crisis, there are no indications of an imminent end to the conflict. The “self-defence strikes” by the US in Southern Iran have come as a dampener to the ongoing negotiations. But this is not viewed by the markets as the beginning of another round of military strikes. That’s why Brent crude remains around $ 98, having fallen more than 20% from the peak," said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

Meanwhile, crude prices remained steady in the early session. Brent Crude, the global oil benchmark, was trading at the level of $98 per barrel. WTI Crude was quoted at $91.85 per barrel.

Top Gainers And Losers

Top Gainers: Etrnal, SBI, Infosys, Maruti, Hindustan Unilever, Tech Mahindra, NTPC, Adani Ports, BEL, ICICI Bank, and Ultratech Cement were top gainers from the Sensex basket.

Losers: Kotak Bank, Trent, Sun Pharma, Bharti Airtel, Titan, TCS and Bajaj Finance were among losers.

"Crude oil prices remained stable in the $90–92 per barrel range following the recent sharp correction. The stabilisation in energy prices continues to provide meaningful relief to the Indian economy by easing concerns around inflation, import costs and corporate profitability, particularly across oil-sensitive sectors," said Ponmudi R, CEO of Enrich Money. 


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