Sensex, Nifty 50 | Stock Market LIVE Updates: Sensex jumps over 600 pts, Nifty 50 above 24,500, led by metals, banks

Sensex, Nifty 50 | Stock Market LIVE Updates: The Indian stock market opened marginally higher on Tuesday, following mixed global market cues, as investors remained cautiously optimistic about the US-Iran peace talks.

The Sensex opened 96.86 points, or 0.12%, higher at 78,617.16, while the Nifty 50 rose 9.70 points, or 0.04%, to open at 24,374.55. Broader market supported the rally, as the Nifty Smallcap 100 and the Nifty Midcap 100 indices gained over half a percent each.

Barring Nifty IT, all other sectoral indices were trading in the green, led by Nifty Realty, Nifty Metals, Nifty Private Banks, Nifty Auto, Nifty PSU Banks 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.