Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex surges over 500 pts, Nifty above 24,150; Eicher, Adani Ports rise up to 2%
The Indian stock markets traded higher on Wednesday, with Sensex and Nifty gaining over 0.4% each after Iran reportedly submitted a fresh proposal to cease its military operations in the Strait of Hormuz. Experts believe the market will stay highly sensitive to ongoing developments in the West Asia conflict.
Indian benchmark indices traded higher on Wednesday. Sensex and Nifty gained over 0.4% each after Iran reportedly submitted a fresh proposal to cease its military operations in the Strait of Hormuz. The markets edged lower on Tuesday after a recent surge, with the Nifty slipping below the 24,000 mark. Experts believe the market will stay highly sensitive to ongoing developments in the West Asia conflict. Elevated crude oil prices, a weaker rupee, and persistent FII outflows are expected to weigh on sentiment. Shares of Eternal, the parent company of Zomato and Blinkit, rose up to 4.3% after the company reported a 346% year-on-year jump in consolidated net profit.
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