While Sensex fell 0.21% to 77108.38, Nifty 50 fell 0.28% to 240552.60.
Gift Nifty trends had indicated that Sensex and Nifty 50 would open in the red today. GIFT Nifty was trading around the level of 24,075, which is 131 points lower than the previous close of Nifty futures.
Meanwhile, Asian markets were trading in the red, and the US stock market also declined overnight, with the S&P 500 down from a record high.
This comes against the backdrop of tensions linked to the Middle East crisis, with the ceasefire on the verge of breaking. Recent shootings have created further uncertainty in the region, while retaliatory strikes have been launched against Iranian targets.
Crude oil rates have increased by 6% in the last session. Meanwhile, Brent oil futures for July fell 0.95% to $113.35 a barrel, having settled 5.8% higher on Monday. US West Texas Intermediate (WTI) crude fell 1.95% to $104.34 after rising 4.4% in the previous session.
gold rate today
Gold prices remained largely stable as the risk of inflation and rate hikes increased due to the re-escalation of the US-Iran war. Spot gold rose 0.2% to $4,528.99 an ounce, while US gold futures for June delivery rose 0.1% to $4,538.20. Spot silver rose 0.1% to $72.76 an ounce.
Tata Motors Commercial Vehicles (TMCV): BNP Paribas Financial Markets bought 7.18 lakh shares of TMCV at Rs 405.80 per share, while Goldman Sachs Bank Europe SE sold 7.18 lakh shares at the same price.
Dhara Rail Projects: India Max Investment Fund Ltd sold 0.80 lakh shares (0.53 per cent) of Dhara Rail Projects at Rs 124.66 per share.
BHEL: In its Q4 results, the company’s profit increased by over 150% year-on-year (YoY) to Rs 1,296.1 crore, compared to Rs 506.8 crore in the same time last year. Meanwhile, revenue grew 37.2% YoY to Rs 12,310.1 crore, compared to Rs 8,972.4 crore last year. EBITDA, on the other hand, grew 111% year-on-year to Rs 1,753.4 crore, compared to Rs 831.1 crore in the same month last year.
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