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Benchmark indices gave up most of their intraday gains after hitting day’s highs earlier in the session. Nifty 50 slipped 0.04% to 23,232.65, after touching 23,425.35 earlier. Sensex was up 0.19% at 74,057.20, down over 500 points from its intraday high of 74,613.01.
Index contribution data showed banking stocks driving gains in the Nifty 50, while IT and metal stocks weighed on the index. HDFC Bank added 35.08 points, followed by ICICI Bank at 34.75 and Axis Bank at 15.52. ITC and Hindustan Unilever also contributed to gains with 9.68 and 7.63 points, respectively. Infosys dragged the most with a 27.16-point negative impact, while Hindalco and Bharti Airtel also pulled the index lower.
Meanwhile, Brent crude rose 0.8% to $92.15 a barrel after US forces attacked Iran following the downing of an American helicopter. Investors tracked the developments for their impact on oil prices.
Elsewhere, European markets traded mixed, with select indices declining while others posted modest gains. Germany’s DAX fell 0.49%, while the UK’s FTSE slipped 0.22% and France’s CAC declined 0.08%. BEL 20 rose 0.28% and PSI 20 gained 0.5%, while FTSE MIB advanced 0.31%. STOXX 600 edged lower by 0.23%, reflecting a mixed trend across the region.