Kamal Ghorui
Stock market today: Nifty50 and BSE Sensex opened in green on Tuesday after a major selloff on Monday amidst US-Iran war and oil price uncertainty. While Nifty50 went above 24,150, BSE Sensex was up over 580 points. At 9:16 AM, Nifty50 was trading at24,186.90, up 159 points or 0.66%. BSE Sensex was at 78,144.57, up 588 points or 0.76%.Experts say that over the next few sessions developments in West Asia and their potential impact on global energy supplies and oil prices will be in focus, as uncertainty over the scale and duration of the conflict is likely to keep sentiment cautious in the near term.In the United States, Wall Street recovered from an early slump and ended Monday’s session in positive territory, staging a late rally after US President Donald Trump indicated that the US-Israeli war against Iran might be approaching its conclusion.Asian markets also rebounded following Monday’s decline, while crude oil prices retreated as Trump signalled that the conflict with Iran could be nearing an end, providing investors with temporary relief from the recent wave of selling.Oil prices slipped on Tuesday after climbing to their highest level in more than three years in the previous session. The decline came after Trump suggested that the Middle East war could conclude soon, easing fears of prolonged disruptions to global crude supplies.Gold prices, meanwhile, remained largely stable on Tuesday as investors adopted a wait-and-watch approach amid persistent geopolitical tensions.Foreign portfolio investors continued to pare exposure to Indian equities, selling shares worth Rs 6,345 crore on Monday. Domestic institutional investors provided some support by purchasing equities valued at Rs 9,014 crore during the same session.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
