16:25
(IST), May, 05
Stock Market Live Today: Stock market round-up
Nifty50 and BSE Sensex came under pressure on Tuesday, retreating as renewed tensions in the Strait of Hormuz unsettled sentiment and raised concerns over the stability of the US-Iran ceasefire. The situation was further aggravated by the rupee slipping to a record low against the US dollar amid persistently high crude oil prices, prompting investors to tread cautiously.
After a choppy trading session, the 30-share BSE Sensex closed lower by 251.61 points, or 0.33 per cent, at 77,017.79. During intraday trade, it had dropped as much as 754.37 points, or 0.97 per cent, to touch 76,515.03. The NSE Nifty also ended in the red, declining 86.50 points, or 0.36 per cent, to settle at 24,032.80.
Among the Sensex constituents, stocks such as ICICI Bank, Eternal, Tech Mahindra, Axis Bank, Bharti Airtel and Larsen & Toubro were among the key losers. In contrast, gains in counters like Mahindra & Mahindra, UltraTech Cement, Bajaj Finserv and Bajaj Finance offered some support to the market.