Sensex, Nifty 50 | Stock Market LIVE: Sensex jumps over 900 pts, Nifty 50 above 24,200; Auto, banks, realty stocks lead

Sensex, Nifty 50 | Stock Market LIVE: The Indian stock market opened higher on Monday, following upbeat global market cues, amid signs of easing US-Iran tensions in the Middle East. However, volatility is expected to remain high as investors watch out for the assembly election results of four states and one Union Territory.

The Indian stock market opened higher on Monday, following string global market cues. The Sensex opened 343.77 points, or 0.45%, higher at 77,257.27, while the Nifty 50 opened at 24,063.55, up by 66.00 points, or 0.28%. Bank Nifty index gained 74.55 points, or 0.14%, to open at 54,937.90.

Broader markets supported the rally as the Nifty Smallcap 100 and the Nifty Midcap 100 indices gained over 0.8% each.

All the sectoral indices were trading in the green, led by Nifty Auto, Nifty Realty, Nifty FMCG, Nifty Metals and Nifty PSU Banks

Globally, Asian markets traded higher, while the US stock market ended mixed, with the S&P 500 and the Nasdaq posting record closing highs.

Sentiment improved after US President Donald Trump announced to begin a new operation called “Project Freedom” to help foreign commercial ships navigate safely through the Strait of Hormuz.

Gold Rate Today

Gold prices fell amid inflation worries that clouded the US monetary policy outlook. Spot gold price declined 0.3% to $4,599.45 per ounce, while US gold futures for June delivery fell 0.7% to $4,611.40. Spot silver price rose 0.1% to $75.38 per ounce.

Crude Oil Prices

Crude oil prices declined after US would begin an effort to free up ships stranded in the Strait of Hormuz. Brent crude oil futures fell 0.41% to $107.73 a barrel, while US West Texas Intermediate was at $101.24 a barrel, down 0.69%.

Stay tuned to this segment for live updates on the Indian stock market today.