Stock Market Today Live Updates: Sensex, Nifty eye higher opening as oil prices ease on Iran-Oman talks
Indian stock markets will remain in focus on Wednesday as investors assess whether falling crude oil prices can provide further support to equities a
Stock Market Today: Sensex, Nifty gain as crude drop aids recovery Benchmark indices ended higher on Tuesday, recovering from intraday lows as a sharp fall in crude oil prices supported buying towards the close. The Sensex gained 286.98 points, or 0.37%, to settle at 77,656.09, while the Nifty rose 115.50 points, or 0.48%, to 24,334.55. The Nifty remained volatile during the session, which also marked the first monthly derivatives expiry under the new closing-auction method. Brent crude declined 3% to $89.32 a barrel. Foreign portfolio investors bought equities worth Rs 1,181.66 crore on Monday..Stock Market Today: Iran-Oman talks push Brent lower Crude oil prices extended their decline on Wednesday after Iran said it had restarted talks with Oman on managing the Strait of Hormuz. Brent crude fell more than 2% to around $86.41 a barrel, extending losses after a 2.6% decline in the previous session. Iran and Oman said they discussed a joint temporary navigational corridor through the strategic waterway and agreed to clear it of mines. The prospect of additional supply coming through the Strait has helped ease some concerns around energy disruptions and supported expectations of a firmer opening for Indian equities..Stock Market Today: GIFT Nifty signals positive start as crude falls Indian shares are likely to open higher on Wednesday, tracking gains in global equities as falling crude prices ease some pressure on investor sentiment. GIFT Nifty futures were at 24,557.50 at 7:32 am, indicating a positive start for the Nifty 50, which closed at 24,334.55 on Tuesday. Brent crude fell 2.6% to $86.30 a barrel after Iran and Oman discussed a temporary navigation corridor through the Strait of Hormuz and agreed to clear it of mines. Investors will also track global bond yields and Nvidia's earnings later in the day.
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