Sensex, Nifty 50 | Stock Market LIVE: Sensex gains over 200 points; Nifty 50 around 24,100 amid volatility

Sensex, Nifty 50 | Stock Market LIVE: The Indian stock market traded with strong gains on Monday, following upbeat global market cues, amid signs of easing US-Iran tensions in the Middle East. Signals from the early trends in local assembly election results of four states and one Union Territory also supported sentiment.

The Sensex jumped over 900 points, and the Nifty 50 traded more than a percent higher as bulls took charge.

Earlier, the Indian stock market opened higher. The Sensex opened 343.77 points, or 0.45%, higher at 77,257.27, while the Nifty 50 opened at 24,063.55, up by 66.00 points, or 0.28%. Bank Nifty index gained 74.55 points, or 0.14%, to open at 54,937.90.

Broader markets supported the rally as the Nifty Smallcap 100 and the Nifty Midcap 100 indices gained 1% each.

Barring Nifty Media, all the sectoral indices were trading in the green, led by Nifty Auto, Nifty Realty, Nifty FMCG, Nifty Metals and Nifty PSU Banks.

Globally, Asian markets traded higher, while the US stock market ended mixed, with the S&P 500 and the Nasdaq posting record closing highs.

Sentiment improved after US President Donald Trump announced to begin a new operation called “Project Freedom” to help foreign commercial ships navigate safely through the Strait of Hormuz.

Gold Rate Today

Gold and silver prices in India traded lower, following weakness in global bullion prices, amid inflation worries that clouded the US monetary policy outlook.

MCX gold rate opened lower at ₹1,51,150 per 10 grams as against previous close of ₹1,51,352 level. MCX silver price opened lower at ₹2,50,699 per kg as against its previous close of ₹2,50,937 level.

In the international market, spot gold price declined 0.3% to $4,599.45 per ounce, while US gold futures for June delivery fell 0.7% to $4,611.40. Spot silver price rose 0.1% to $75.38 per ounce.

Crude Oil Prices

Crude oil prices declined after US would begin an effort to free up ships stranded in the Strait of Hormuz. Brent crude oil futures fell 0.41% to $107.73 a barrel, while US West Texas Intermediate was at $101.24 a barrel, down 0.69%.

Stay tuned to this segment for live updates on the Indian stock market today.