Indian stock market: Sensex, Nifty 50 erase most gains amid reports of Iran violating ceasefire

The Indian stock market witnessed swift profit booking, dragging the benchmark Sensex down by over 1,100 points from its intraday high, while the Nifty 50 briefly slipped to 25,000 during Tuesday’s trade on June 24, following reports that Israel accused Iran of violating the ceasefire and ordered strikes on Tehran.

The Sensex opened at 82,534.61 against its previous close of 81,896.79 and surged over 1,100 points, or more than a per cent, to an intraday high of 83,018. The 30-share pack, however, erased most gains and fell over 1,100 points from its intraday high to an intraday low of 81,900.

The Nifty 50 opened at 25,179.90 against its previous close of 24,971.90 and jumped more than 1 per cent to an intraday high of 25,317.70. The benchmark index, however, dropped to an intraday low of 24,999.70 in the afternoon session.

Around 2:25 PM, the Sensex was 137 points, or 0.17 per cent, up at 82,034, while the Nifty 50 was 63 points, or 0.25 per cent, up at 25,035.

(This is a developing story. Please check back for fresh updates.)