Stock Market News: Crude Oil Prices Surge 4% as US-Iran Tensions Escalate, Auto, IT Lead Gains in Indian Market

Share Market News: The Indian stock market started the day on a down note, but recovered strongly during the early trading hours. Sectors such as auto, IT, and PSU banks saw significant purchasing activity, supporting the market. Geopolitical tensions in the Middle East, particularly between Israel and Iran, remain a source of concern, with outgoing US President Donald Trump sending severe warnings to Iran and ramping up rhetoric.

Global Market Witnesses Ups and Downs

These advancements have had a tremendous impact on the worldwide markets. Crude oil prices rose about 4%, reaching $76 per barrel, while the US stock market also experienced volatility. The Dow Jones lost 300 points, while the Nasdaq dropped 180 points. Gold and silver prices skyrocketed in domestic and foreign markets, with silver reaching Rs 1,00,325 per kg and gold at Rs 99,500 per 10 grammes. Internationally, gold held around $3,400, while silver hit a 14-year high of $37. Traders are also keeping a tight eye on the US Federal Reserve meeting, which is expected to yield no rate reduction.