Stock Market Today LIVE: The Indian stock market is expected to extend gains on Tuesday, following a rally in global markets, even as sentiment remains cautious due to the ongoing US-Iran war in the Middle East. The trends on Gift Nifty also signal a positive start for the benchmark indices, Nifty 50 and Sensex today.
The Gift Nifty was trading around 23,466 level, a premium of nearly 38 points from the Nifty futures’ previous close.
On the global front, Asian markets rallied, while the US stock market ended higher overnight, led by gains in technology stocks.
US-Iran War
In the latest development, a wave of drone and rocket attacks targeted the US embassy in Baghdad, with at least five drones used. A powerful explosion was heard in the Iraqi capital, a Reuters witness reported.
Crude Oil prices
Crude oil prices jumped over more than 2%, reversing some of the previous session’s losses, on worries about supply with the Strait of Hormuz mostly shut. Brent crude oil price rose 2.81% to $103.06 a barrel, while the US West Texas Intermediate (WTI) crude futures rallied 2.97% to $96.28.
Gold Rate Today
Gold and silver prices were little changed after the US dollar slipped. Spot gold was little changed at $5,005.54 an ounce, while silver prices edged up 0.1% to $80.90.
Stay tuned to this segment for the latest updates on the stock market today.
