<a href="https://www.mid-day.com/business/stock-market/article/stock-market-updates-sensex-nifty-post-mild-gains-over-hopes-of-us-iran-deal-23631682" rel="nofollow">Domestic equity markets traded on a muted note </a>in early deals on Wednesday amid mixed global cues and a decline in crude oil prices.&nbsp;
Sensex was trading at 76,050, up 40 points or 0.05 per cent in the morning session, while Nifty rose 20 points or 0.08 per cent to 23,932. Earlier, the benchmark indices opened at 75,939.86 and 23,880.35, respectively.
Among sectoral indices, Nifty Metal emerged as the top gainer, climbing 1.59 per cent, followed by Nifty Cement, which advanced 0.83 per cent. Nifty Media, Realty and Consumer Durables also traded higher, rising up to 0.67 per cent.
On the other hand, Nifty Oil and Gas was the top loser, falling 0.66 per cent. While private banks, financial services and IT indices also traded in the red, declining up to 0.33 per cent.
Among Nifty stocks, selling pressure was visible in select heavyweight counters, with <a href="https://www.mid-day.com/business/business-news/article/coal-india-arm-secl-vows-to-meet-nations-energy-needs-as-power-demand-hits-record-high-23632314" rel="nofollow">Coal India </a>dropping over 4 per cent and ONGC slipping nearly 3 per cent. HDFC Bank, Infosys and Wipro also remained under pressure.
Meanwhile, the volatility index India VIX gained 0.68 per cent to trade around 16.
According to analysts, the near-term market tone remains cautious but stable, as recent profit booking at higher levels indicates some consolidation after the sharp recovery phase.
&ldquo;Despite intermittent weakness, controlled volatility and balanced market breadth suggest that broader sentiment has not deteriorated significantly,&rdquo; they added.
Meanwhile,<a href="https://www.mid-day.com/news/world-news/article/iran-calls-us-strikes-a-ceasefire-violation-says-washington-will-face-consequences-23632309" rel="nofollow"> Iran on Tuesday accused the United States of violating the ceasefire</a> by carrying out strikes near the disputed Strait of Hormuz, while Washington maintained that the attacks were defensive in nature.
In the commodity market, crude oil prices declined, with international benchmark Brent crude falling 1.73 per cent to USD 97.85 a barrel, while US West Texas Intermediate (WTI) crude dropped over 2 per cent to USD 91.87 per barrel.
In Asia, markets traded mixed. Hong Kong&rsquo;s Hang Seng declined nearly 1 per cent, while Japan&rsquo;s Nikkei and South Korea&rsquo;s KOSPI rose up to almost 5 per cent.
Overnight in the US, Wall Street ended higher, with the S-P 500 gaining 0.61 per cent and the Nasdaq closing 1.19 per cent higher.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

Indian equity markets traded on a subdued note, with the Sensex and Nifty posting marginal gains amid mixed global signals and falling crude oil prices

Stock market updates: Sensex, Nifty edge higher in muted opening trade amid mixed global cues, lower crude prices

Sensex falls 142 points, Nifty ends flat amid FII selling and West Asia tensions

Metal and cement stocks led gains, while Oil and Gas shares remained under pressure due to weakness in heavyweight stocks like Coal India and ONGC

Sensex, Nifty edge higher in muted opening trade

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