Domestic equity markets traded higher today following the reports that the United States may extend its blockade of Iranian ports. The Sensex traded 1.25 per cent, or 982 points, higher at 77,849, hitting an intraday high in early trade, while the Nifty rose 1.20 per cent, or 287 points, to 24,282 when the reports last came in. Sector-wise, buying interest was seen in auto, chemicals, realty, energy and IT stocks.
The Nifty Auto, Nifty Chemicals, Nifty Realty, Nifty Oil and Gas, and Nifty IT indices are trading in green. Oil prices have also climbed. Brent crude rose 0.63 per cent to 111.97 dollars per barrel, while US WTI crude gained 0.81 per cent to 100.74 dollars. Global market cues were mixed. In Asia, Japan’s Nikkei was down 1 per cent, and Hong Kong’s Hang Seng gained 1 per cent, while South Korea’s Kospi traded marginally higher. In the US, Wall Street ended on a negative note, with the Nasdaq falling 0.90 per cent and the S&P 500 closing 0.5 per cent lower.
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