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Share Market Closing Bell: Indian stock markets closed in the red on Tuesday for the second trading day of the week due to rise in Brent crude prices due to uncertainty over a possible peace deal between the US and Iran amid West Asia tensions. At the time of market closing, the 30-share BSE Sensex was down by 416.72 points or 0.54 percent at 76,886.91, while the NSE Nifty50 fell by 97 points (0.40 percent) to 23,995.70.

During the day’s trading, the 30-share Sensex opened at 77,094.79 and made an intra-day high of 77,493.53 and an intra-day low of 76,741.06. Whereas Nifty50 opened at 24,049.90 and made an intra-day high of 24,181.80 and an intra-day low of 23,957.05.

How was the condition of the sectoral index?

Broader markets outperformed the benchmark indices, with the Nifty Smallcap 100 index rising 0.42 per cent and the Nifty Midcap 100 index rising 0.28 per cent. Sector wise, except Nifty Oil & Gas (up 1.55 percent) and Nifty Metal (up 0.51 percent), almost all the sectoral indices were seen trading in the red.

Sharpest fall in Nifty PSU

The maximum decline was seen in Nifty PSU Bank by 2.15 percent, Nifty Private Bank by 1.23 percent and Nifty Auto by 1.01 percent. In the Nifty 50 pack, Axis Bank, Maruti, HCL Tech, Shriram Finance, IndiGo, ICICI Bank, Bajaj-Auto, SBI and Infosys were the biggest losers, and were included in the list of top losers.

5-3 percent rise in these shares

On the contrary, shares of ONGC, Adani Enterprises and Coal India registered a rise of 5-3 percent. Apart from this, Nestle India, Bharti Airtel, Tech Mahindra, Eternal and Tata Steel Shares also closed in the green with gains. Brent crude was seen trading 2.98 percent higher at $111.46 per barrel as the Strait of Hormuz, a vital waterway, remained closed.

According to reports, US President Donald Trump Iran is unhappy with the proposal, as Iran proposes a deal to reopen the Strait of Hormuz and makes no mention of its nuclear program until the conflict in West Asia ends.