Stock market today: Nifty50 ends above 25,000; BSE Sensex up over 150 points - markets trim gains post renewed Iran-Israel tensions

Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, gave up substantial intra-day gains on Tuesday as investors adopted a cautious stance following reports of hostilities between Iran and Israel.Markets demonstrated strong early gains, reflecting positive global market sentiment and reduced crude oil prices, suggesting possible easing of Middle East tensions.The Nifty 50 concluded at 25,044.35, increasing by 72.45 points or 0.29 per cent, retreating from its day's peak of 25,317.70. The 30-share Sensex, which had advanced 1,121.37 points or 1.36 per cent to 83,018.16 during trading, pared gains following reports of ceasefire complications. Nevertheless, it concluded positively, rising 158.32 points or 0.19 per cent to 82,055.11."Initial gains in the domestic market, driven by the ceasefire announcement and sharp drop in crude prices, were short-lived as renewed geopolitical tensions in the Middle East unsettled investor sentiment."Adding to the uncertainty was heightened volatility due to expiry day dynamics. Although the market attempted to break out of its recent consolidation range, persistent global risks continue to impede momentum," Vinod Nair, Head of Research, Geojit Investments Limited, said.Among Sensex components, notable gainers included Adani Ports, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Bajaj Finserv and Titan.Conversely, Power Grid, Trent, NTPC, Maruti, HCL Tech and Bharat Electronics showed declines.Asian markets displayed strength, with gains in South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite and Hong Kong's Hang Seng.European markets showed positive movement during mid-session trading. American markets closed positively on Monday.Brent crude, the global oil benchmark, declined 3.20 per cent to USD 69.13 per barrel.Exchange data showed Foreign Institutional Investors (FIIs) sold equities worth Rs 1,874.38 crore on Monday, while Domestic Institutional Investors (DII) purchased stocks valued at Rs 5,591.77 crore.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)