Indian stock markets opened flat today with investors and traders closely monitoring developments surrounding the US-Iran ceasefire and upcoming diplomatic discussions. Nifty opened at 24,062, up 6 points, while Sensex started marginally lower at 77,055, down 45 points in the early trade today.
Meanwhile, the international benchmark Brent crude rose 1% to 72.78 dollar per barrel, while US West Texas Intermediate (WTI) crude gained more than 2% to nearly 71 dollar per barrel.
Asian markets traded on a mixed note. Japan’s Nikkei was down about 1%, Hong Kong’s Hang Seng jumped more than 2%, while South Korea’s KOSPI declined over 2%.
Benchmark domestic equity indices were trading in negative zone during the forenoon session today. The Sensex fell 152 points to 76 thousand 948, while the Nifty dropped 26 points to 24 thousand and 30, when reports last came in.
On the sectoral front, weakness persisted across Auto, Telecommunication, and IT, while Healthcare, Pharma, and Metal sectors were bucking the trend.