Stock Market Today LIVE: Sensex, Nifty 50 open flat amid mixed global cues; US-Iran war keeps Dalal Street on edge
Stock Market Today LIVE: The Indian stock market benchmark indices, Sensex and Nifty 50, opened on a muted note on Monday amid mixed global market cues, as investors watch out for the latest developments in the US-Iran war which has entered its third week. Volatility is likely to remain high amid elevated crude oil prices and uncertainties due to the Middle East war.
On the global front, Asian markets traded mixed. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1%. The US stock market ended lower last week, on worries over the global oil supply disruptions due to the war in the Middle East.
The US-Iran war has entered its third week, and the trade through the Strait of Hormuz, a vital artery for global oil and gas shipments, has come to an effective halt. US President Donald Trump said Washington is in contact with Iran but expressed doubt that Tehran is prepared for serious negotiations to end the conflict.
Crude Oil Prices
Crude oil prices pared early gains after President Trump called on other countries to help safeguard the Strait of Hormuz. Brent crude futures fell 0.23% to $102.90 a barrel, while US West Texas Intermediate crude price slipped 1.08% to $97.64 a barrel.
Gold Rate Today
Gold prices were steady after paring a near 1% fall earlier in the session amid a softer dollar. Spot gold price was unchanged at $5,017.53 per ounce, US gold futures for April delivery fell 0.8% to $5,020.90. Spot silver price rose 0.4% at $80.88 per ounce.
Stay tuned to this segment for all live updates on the Indian stock market today.
