Sensex Today | Stock Market LIVE Updates: Nifty trades below 25,000, ideaForge shares jump 10%

HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty trades below 25,000, ideaForge shares jump 10%

Sensex Today | Stock Market LIVE Updates:

As the trading session moves further, the indices have managed to mark a minor recovery after making major losses.

The Nifty 50 index is trading with losses of about 170 points, below the 25,000 mark. Meanwhile, the Sensex index continued to trade with losses in excess of about 600 points.

Furthermore, the broader markets witnessed a bit of a resurgence, as the midcap and smallcap indices avoided major losses.

Defence stocks, including BEL, and private players surged. Bharat Forge and ideaForge shares were also in focus, with the latter gaining 10%.

In line with the market cues, the indices have started the day in red. The Nifty index has now fallen below the 25,000 mark yet again, declining by over 250 points. The Sensex index opened with a major decline of over 600 points, thereafter extending losses to over 850 points, taking the index below the 82,000 mark.

The defence stocks, particularly the shipbuilding stocks, surged, while tech stocks and Nifty IT stumbled by over 1%.

Kerala Ayurveda stocks surged by over 18%. In addition, Ola Electric shares fell by over 4% in the opening hours of the day's trade after a large block deal.

The Indian equities have started the new trading week amidst escalating geopolitical tensions in West Asia. The US joining the attacks against Iran with Israel has impacted global equities, but not as badly as feared.

Oil stocks will continue to remain in focus even as Union Minister Hardeep Singh Puri assured that India has multiple sources to import oil and companies have enough supply in place.

Watch this space for all the Live updates.