The domestic equity benchmark indices ended flat on Tuesday as Q1FY 27 GDP growth of 7.8 per cent was offset by elevated crude oil prices and <a href="https://www.mid-day.com/news/world-news/video/trump-vows-revenge-on-tehran-after-us-iran-strikes-resume-1081414" target="_blank" rel="none noopener">renewed US-Iran conflict</a>.
<h2>Market movement</h2>
The 30-share BSE Sensex dipped 12.99 points, or 0.02 per cent, to settle at 76,944.28. The 50-share NSE Nifty slipped 24.60 points, or 0.10 per cent, to end at 24,055.80.
"Indian benchmark indices remained under pressure throughout the session but managed to hold above the crucial 24,000 mark at close. Elevated crude oil prices and escalating geopolitical tensions continued to weigh on investor sentiment, while the weekly Nifty expiry led to heightened intraday volatility and choppy price action," Bajaj Broking Research said.
Among the Sensex pack, ITC, HCL Tech, Infosys and Bharti Airtel were among the gainers. <a href="https://www.mid-day.com/news/world-news/video/trump-vows-revenge-on-tehran-after-us-iran-strikes-resume-1081414" target="_blank" rel="none noopener">Maruti Suzuki</a>, State Bank of India, InterGlobe Aviation, Bajaj Finserv, Mahindra &amp; Mahindra and Axis Bank were the major laggards.&nbsp;
<h2>Global cues impacting the benchmark indices</h2>
"Indian equities are likely to maintain a cautious bias amid continued US-Iran tensions and institutional selling. Brent crude rose approximately 1.7 per cent to around USD 92 per barrel, increasing concerns over inflation and energy supply disruptions," Siddhartha Khemka Head of Research, Wealth Management, Motilal Oswal Financial Services said.&nbsp;
According to news agency PTI, Brent crude, the global oil benchmark, jumped 2.03 per cent to USD 92.33 per barrel, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 7,985.88 crore on Monday.
"Markets are increasingly balancing India's strong growth momentum against mounting global uncertainties. <a href="https://www.mid-day.com/news/india-news/article/indias-economy-grows-7-8-percent-in-q1-fy27-up-from-6-9-percent-in-the-year-ago-period-23647699" target="_blank" rel="none noopener">Better-than-expected GDP growth</a> underscores the resilience of domestic demand and the broader economy. However, escalating geopolitical tensions in the Middle East and a more hawkish Federal Reserve have renewed concerns about inflation and the prospect of elevated interest rates for an extended period. Persistent cost pressures may weigh on both corporate earnings and the pace of demand recovery," Vinod Nair, Head of Research, Geojit Investments said.
"At the same time, higher US bond yields and renewed foreign capital outflows have kept investor sentiment cautious, with financial stocks facing the most pressure, while FMCG and IT sectors continue to attract defensive buying," he added.
In Asian markets, South Korea's Kospi ended higher, while Japan's Nikkei 225, Shanghai's SSE Composite index and Hong Kong's Hang Seng index all settled lower.
(With inputs from PTI)

Sensex declined 12.99 points, or 0.02 per cent, to settle at 76,944.28, while the Nifty lost 24.60 points, or 0.10 per cent, to end at 24,055.80

Sensex, Nifty marginally slip amid elevated crude oil prices, US-Iran conflict

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The 30-share BSE Sensex dipped 12.99 points, or 0.02 per cent, to settle at 76,944.28. The 50-share NSE Nifty slid 24.60 points, or 0.10 per cent, to end at 24,055.80

Sensex, Nifty end flat amid elevated crude oil prices, US-Iran conflict

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