Stock Market Today Live Update: Equity Indices Settle Higher; Sensex Up 316 Points, Nifty Closes Above 25,570

The domestic equity indices traded sharply lower in the previous session amid profit booking, low participation from FPIs and escalating tension between the US and Iran. The surge in crude prices also lowered the market sentiment. Both the key indices---Sensex, Nifty--settled nearly 1.5% lower.
Meanwhile, experts believe that the sharp spike in Brent crude to $72 reflects growing fear and uncertainty in markets.
"President Trump’s warning that 'Iran has 10 to 15 days to strike a deal or bad things happen 'has put the markets on tenterhooks. Whether there will be a deal after the standoff, or whether missiles will fly, will determine the market behaviour in the near-term. The continuing weakness in IT stocks is another dampener for the market," said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.