Stock Market Today LIVE: The Indian stock market opened with strong gains on Wednesday, following a rally in global markets, amid optimism over the resumption of US-Iran peace talks.
The Sensex jumped 1,133.53 points, or 1.48%, to open at 77,981.10, while the Nifty 50 opened 321.15 points, or 1.35%, higher at 24,163.80. The Bank Nifty index opened 738.40 points, or 1.33%, higher at 56,343.45.
Broader markets outperformed the frontline indices. The Nifty Smallcap 100 index and the Nifty Midcap 100 index were up over 2% each.
All the sectoral indices were trading in the green, with the Nifty IT, Nifty Metals, Nifty PSU Bank, Nifty Media and Nifty Realty indices rallying more than 2% each.
On the global front, Asian markets traded higher, while the US stock market jumped overnight, with the S&P 500 ending near its record closing high, and Nasdaq recording its tenth straight day of gains.
Signs of de-escalation in the US-Iran war improved investor risk-appetite after US President Donald Trump told the New York Post that the talks to end the Iran war could resume in Pakistan over the next two days.
Gold Rate Today
Gold and silver prices were largely steady, hovering around a one-week high hit earlier in the session, as investors stayed on the sidelines awaiting further clarity on US-Iran peace talks.
Spot gold price held steady at $4,841.76 per ounce, after hitting its highest level since April 8 earlier in the session. US gold futures for June delivery rose 0.3% to $4,866.50 an ounce. Spot silver price rose 0.4% to $79.87 per ounce.
Stay tuned to this segment for live updates on the Indian stock market today.
