Stock Market LIVE Updates: Sensex Up 400 Points, Nifty Above 23,550; India VIX Eases 6%

Sensex Today:The Indian benchmark indices were swinging between losses and gains as traders closely monitor developing situation in the West Asia.

As of 2:00 PM, the Nifty50 was trading 0.58 per cent or 136.75 points higher at 23,545.55, and the Sensex was trading 0.53 per cent or 399.32 points higher at 75,902.17.

Among the top gainers on the Nifty50 were Eternal, Tata Steel, and Mahindra & Mahindra.

The broader markets also recovered from earlier losses, with the Nifty MidCap index up 0.13% and the Nifty SmallCap index advancing 0.25%.

On the sectoral front, Nifty Auto emerged as the top performer, followed by gains in Nifty Metal and Nifty Realty indices. In contrast, Nifty IT declined nearly 2%, making it the worst-performing sector in the session.

Global cues

Markets across the Asia-Pacific region advanced, mirroring overnight gains on Wall Street, even as crude oil prices showed volatility after easing from earlier highs. Japan’s Nikkei 225 and South Korea’s Kospi were up 0.30% and 2.53%, respectively.

On Wall Street, US equities closed higher, with the S&P 500 rising 1.01%, the Dow Jones gaining 0.83%, and the Nasdaq Composite advancing 1.22%.

In the commodities market, Brent crude settled 2.84% lower at $100.21 per barrel in the previous session after US President Donald Trump urged allies to ensure stable energy supplies from the Strait of Hormuz. Sentiment was also supported by expectations that more countries may release oil from strategic reserves, according to Bloomberg.

However, in the Asian session, Brent crude rebounded nearly 2.9% to $103.06 per barrel, as renewed concerns over potential supply disruptions in the Strait of Hormuz resurfaced.

Meanwhile, gold and silver futures edged higher, gaining 0.41% and 0.53%, respectively.