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The Indian stock market also closed in the red on Thursday due to the fall in global markets due to the rise in prices of Brent crude due to tension between America and Iran. This is the second trading session this week when selling pressure was seen in the domestic market.

At the time of market closing, the 30-share BSE Sensex was seen trading at 76,913.50 with a decline of 582.86 points or 0.75 percent, while the NSE Nifty50 fell by 180.10 (0.74 percent) points to reach 23,997.55.

During the day’s trading, Sensex opened at 77,014.21 and made an intra-day high of 77,254.33 and an intra-day low of 76,258.86. Whereas Nifty50 opened at 23,996.95 and made an intra-day high of 24,087.45 and an intra-day low of 23,796.85.

During this period, broader markets also remained bearish. The Nifty Midcap 100 index declined 0.98 percent and the Nifty Smallcap 100 index declined 0.48 percent.

Sector wise, except Nifty IT (up 0.37 percent) and Nifty Pharma (up marginally 0.03 percent), almost all the sectors were seen trading in the red.

Nifty Metal fell by 2.12 percent, Nifty PSU Bank by 1.68 percent, Nifty Realty by 1.50 percent, Nifty FMCG by 1.35 percent and Nifty Financial Services by 1.07 percent.

In the Nifty 50 pack, 15 stocks saw a rise and 34 stocks declined, while there was no change in one stock.

Bajaj-Auto shares recorded the highest rise of 5.19 percent. Along with this, there was a rise in the shares of Sun Pharma, Infosys, Bajaj Finance, Tech Mahindra, Adani Ports, Maruti and Kotak Bank. Whereas shares of TMPV, Eternal, Hindalco, HUL, Tata Steel, UltraTech Cement, Shriram Finance and Trent witnessed the biggest decline.

According to reports, the US has rejected Iran’s peace proposal and directed to further intensify the blockade on the Strait of Hormuz, following which Brent crude prices surged.